The bank insurer launched its first structured product in Belgium in almost a year.

KBC is distributing KBC-Life MI Step in World 100-1 in Belgium. The product is denominated in euros and has a maturity of eight years and one month. It is fully capital-protected and offers 100% participation in the rise of a weighted basket comprising 30 shares of global companies with high market capitalisation, capped at a maximum gain of 60%. The final basket level is subject to 12-month backend averaging. KBC are testing the water to see how it goes in terms of sales volumes It is the

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