Product wrap: HSBC tracks European benchmarks in China

EUROPE BNP Paribas issued Autocall Advanced New in France. The 10-year Athena autocall standard notes offer access to the Bloomberg Luxury 2021 Decrement 50 Point EUR Index. The performance of the index is measured quarterly. The product redeems early, if on any of the quarterly validation dates (from 26 November 2024 onwards) the index closes at or above 82% of its starting level. In that case, it offers 100% capital return, plus a coupon of 1.50% for each quarter that has passed. At maturity,