Product snapshot: Bpost offers full capital protection on S&P water index

Bpost Bank has launched Global Water Participation 03/2032 in Belgium. The 10-year capital guaranteed note offers 100% exposure to the S&P Global Water EUR Net Total Return Index, capped at 30%. The final index level is subjected to 37 months backend averaging, minus an adjustment factor of five percent on an annual basis. The product is issued via the Luxembourg domiciled BNP Paribas Fortis Funding vehicle, while BNP Paribas Fortis acts as the guarantor. There is also a  90% capital-