Product snapshot: Kempen rolls over autocallable with help from UBS
Kempen has collaborated with UBS for the launch of two new structured products: Trigger Certificate Eurozone 17-22 and Trigger Plus Certificate Eurozone 17-22. The first product, a five-year autocallable linked to the Eurostoxx 50, comes as a replacement for UBS Trigger Certificaat Eurozone 15-20 which was redeemed early on November 13 at the second observation date, according to Marcel Pronk (pictured), securities, structured investments distribution, at Kempen. "Clients will receive two coupons of 10.5% which means their return is 21%," said Pronk. "If you compare that with the return of the Eurostoxx 50, which, during the same period, increased around 7%, and taking dividend yield into account, you see that the note has outperformed the index."
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