Product wrap: Marex, SG in French CLN collaboration

EUROPE Marex collaborated with Société Générale for the launch of a credit-linked note (CLN) targeted at retail investors in France. The four-year structure is linked to the creditworthiness of Auchan, a French multinational retail group. It pays a coupon of four percent per annum and returns 100% of the nominal invested at maturity, providing the underlying reference entity has remained solvent. Otherwise, the product delivers the notional amount multiplied by the r