Product wrap: Marex, Barclays track banks index in France

EUROPE Marex Financial launched Volcap Banks  in France. The five-year barrier reverse convertible (BRC) is the company's first public offer in the French market, according to SRP data. It pays a fixed annual coupon of six percent. At maturity, its return is linked to the performance of the Eurostoxx Banks index . If, on 11 August 2028, the index has not fallen below 60% of its initial level, the product offers 100% capital return. Otherwise, the investor participates 1:1 in the fall. The