The autocallable bond logged 34% gain against 11.11% delivered by its benchmark index.
Hedios’ H Performance 59 has autocalled at the first opportunity.
The product first struck on 5 November when the underlying index quoted at 695.71 basis points
The 12-year product, which sold €11m (US$12.8m) during subscription, delivered a 34% gain in just one year, while its benchmark index increased by only 11.11% over the same period.
The bond, which was issued on the paper of Crédit Mutuel Arkéa, tracked the Euro iStoxx 50 Equal Weight NR Decrement 5%, which in turn, replicated the performance of the Eurostoxx 50 Equal Weight Net Return Index while assuming a constant dividend markdown.
Over the course of a year, five percent of the performance of the index is gradually subtracted according to the corresponding day-to-day year fraction.
The product first struck on 5 November when the underlying index quoted at 695.71 basis points (bps). By 5 November 2025, its first autocall valuation date, the index had risen to 773 bps, marking an increase of 11.11%. This gain was sufficient to trigger the knockout feature, with the barrier set at 110%, leading to early redemption and a fixed payout of 34%.
Some 18 structured products distributed by Hedios redeemed early in 2025 to date, according to SRP data.
The products, which sold approximately €145m at inception, delivered on average an annualised coupon of 12.90%.
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