Product snapshot: Natixis offloads dividend risk with 10-year ‘decrement’ play

In April 2018 Natixis issued its Helios Avril 2028 note, a 10 year term investment product linked to the Euro iStoxx 70 Equal Weight Decrement 5% Index. The note offers a 90% capital protection and an auto-call opportunity at its fifth anniversary if the index exceeds 115% and will provide a fixed return of 125%. Otherwise, the product offers an uncapped growth at maturity with a minimum return of 90% if the index finishes below that level. The index to which the note is linked is based on the