DWS Go has added a credit default clause for the capital protected element of its latest offer to German investors.
Credit-linked Equity Protection - Bric Certificate is a two-year uncapped call certificate which returns 90% of the initial investment plus 97% of the DWS BricX Conservative index performance registered during the product term.
Capital protection is dependent, however, on no credit events occurring to Unicredit Group. Otherwise the product returns 90% of the recovery rate of the product plus an ‘unwind option value’. This is the first product with this feature to be added to the SRP database.
The underlying DWS BricX Conservative Index, which also sees its debut in the retail market, follows an allocation strategy managed by Sociéte Générale that aims to maintain a volatility of the index of 15% and gearing of up to 200%.
This product is available until 8 September. The product is also to be sold in Italy pending regulatory approval.
This product appears in recent additions (Germany).
