Product wrap: BNP issues monthly autocall on Bloomberg transatlantic banks index

EUROPE BNP Paribas issued Rendement Transatlantic Banks Mai 2022 in France. The 10-year autocall is linked to the Bloomberg Transatlantic Top Banks Decrement 50 Point EUR Index , which is composed of the largest 10 companies classified into banking from the eurozone and the US. Each region represents 50% of the index. From November 2023 onwards, the product is subject to monthly early redemption, providing the index closes at or above 90% of its starting level on the validation date. In that ca