Product wrap: MS tracks Intesa in France, Barclays deploys multi-asset Japan play

EUROPE Morgan Stanley issued Couloir Whymper Avril 2024 in France. The five-year autocall is linked to the share of Intesa Sanpaolo . From April 2025 onwards, the product is subject to monthly early redemption, providing the share closes at or above the step-down autocall barrier, which starts at 100% and subsequently decreases by 0.9% per month. In that case, the product returns 100% of the nominal invested, plus a coupon of 0.766% for each month elapsed. The European barrier for soft capital