The French bank steps in to protect more than US$650m invested in structured products on Finvex indices, having to trigger a fall-back option after the index provider went bankrupt.
Société Générale has offered investors who bought structured products linked to Finvex indices continuity by providing proprietary indices built by the bank on the genuine methodology of the original indices. The move comes after Solactive, which took over the calculation of the Finvex indices a year ago, decided to discontinue the indices on 3 December 2020. Société Générale had prepared fall-back solutions for Finvex in case it would g
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