This week's wrap covers products with strike dates between December 3-9, 2017. Highlights among the structures reviewed included a deposit in Poland linked to a Natixis strategy index, a US dollar-denominated note from Leonteq in the Czech Republic, a Swedish security that enables investors access to the United Nations' Sustainable Development Goals, and again, like last week, a number of structures in the US and Asia-Pacific linked to exchange-traded funds.

EUROPE
Sixty-three structured products distributed across 14 different jurisdictions struck in Europe this week.

Idea Bank is distributing Elite Funds - I edycja in Poland, a three-year deposit linked to the NXS Elite Funds Selection Index, a dynamic strategy benchmark invested in a basket of global multi-asset funds. The index is designed and calculated by Natixis and looks to provide an additional layer of protection by increasing and reducing its allocation to the selected managers in order to maintain the volatility of the Index below 3.50%. The portfolio of seven funds comprises M&G Optimal Income, Nordea European High Yield Bond, Deutsche Concept Kaldemorgen, Sextant Grand Large, DNCA Invest-Eurose, Old Mutual - Equity Absolute Return and Henderson Gartmore UK Absolute Return.

Cyrrus, a stock brokerage company from the Czech Republic, collaborated with Leonteq Securities for the launch of a US dollar-denominated outperformance certificate linked to Amazon shares. The security pays a fixed coupon of 10.5% at the end of the one-year investment period, regardless of the performance of the underlying. If the final level of the shares is at or above its initial level, the product participates 210% in the positive performance.

In Norway, Nordea issued Kredittbevis Nord-Amerika High Yield VIII, a five-year credit-linked note based on the performance of the Markit CDX North America High Yield 5Y S29 index. Commission is included in the price and will be a maximum of 5%, or 1% per year, calculated on the price of the notes.

Handelsbanken launched Aktieindexobligation Hållbarhet Global Extra 136AG in Sweden, a capital-protected note that participates 110% in the positive performance of the Solactive Sustainable Development Goals World Index, subject to six months backend averaging. The index, which was first launched in October 2016, enables investors to gain exposure to companies that have been identified as making a major contribution to the advancement of the United Nations' Sustainable Development Goals, a set of 17 goals established to guide international cooperation to achieve sustainable development, end poverty and tackle climate change. The product is issued above par, at 110%, with a fee of 2% added to the issue price.

NORTH AMERICA
Thirty-eight structured products struck in North America this week.

CAIS Capital, a platform offering wealth managers access to funds and structured products, is distributing Trigger Return Enhanced Securities to retail investors in the US. The unsecured notes, which are due December 9, 2022, are linked to a basket comprising the Eurostoxx 50 and iShares MSCI EAFE ETF. Deutsche Bank is the issuer of the notes for which a commission of 1.675% applies. The estimated value of the securities on the trade date is approximately 93.94% to 95.94%.

Also in the US, Credit Suisse issued Contingent Coupon Callable Yield Notes linked to the lowest performing of the SPDR S&P Oil & Gas Exploration ETF and the SPDR S&P Biotech ETF. Every quarter, after the first year, teh bank has the option to redeem the securities in whole, for US$1,000 for each $1,000 principal amount. The estimated initial value of the product is 98.5%.

LATIN AMERICA
There were no structured products striking in the Latam region this week.

MIDDLE EAST & AFRICA
No new structured products struck in the Mea region this week.

ASIA PACIFIC
Three hundred and eighty-two structured products struck this week in the Apac region. The products where issued across five markets, of which South Korea, with 278 products, was the most active, followed by Taiwan (56), Japan (20), China (17) and Hong Kong (11).

Bank of China issued a step-up deposit in Hong Kong. The product has a term of six months and pays a fixed coupon of 0.75% and 0.80% pa, respectively, for the first and second quarter of investment, however, the bank has the right to terminate the deposit, in whole, on March 5, 2018, the first interest payment date. A minimum investment of HK$50,000 (US$6,397) applies.

In Japan, Iwaicosmo Securities launched KI Nikkei, a three-year unlisted, registered note linked to the Nikkei 225. The product is issued via Credit Agricole and offers a fixed coupon of 3.5% pa for the first quarter of investment. Every quarter thereafter, the product pays a coupon of the same amount, if the index closes at or above 85% of its initial level, or a coupon of 0.5% otherwise.

HSBC introduced the two-year CNY Note 2017 S18 in China. The product, which is wrapped as a wealth management scheme (purchase agreement of a specific type of retail investment product typically sold through local banks in China), is linked to the Hang Seng China Enterprises Index. If the level of the index reaches above 125% of its initial level during the inivestment period, the product offers a capital return of 112%.

Shinhan Investment launched DLS 6348 in South Korea. The three-year derivatives-linked security (DLS) is linked to a basket comprising the Eurostoxx 50, iShares China Large-Cap ETF and SF-Kospi 200 Leverage 1.5X Index and pays a fixed coupon of 0.4445% at the end of each monthly period, if the level of the worst performing underlying is at or above 65% of its initial level.

DBS Bank issued a 12-month Knock-In Memory Autocallable Note linked to the shares of Netflix and the SPDR S&P Oil & Gas Exploration & Production ETF in Taiwan. The product is denominated in US dollars and targeted at private investors.