The new participation products feature long-tenor on a custom index, resetting higher annually only if the index component is higher than the previous year.

Krungthai Bank has deployed a high watermark index in structured note issuances in Thailand, the country’s first of its kind, according to the bank, in a bid to attract investors to the long-term retirement-focused investment space. The Bangkok-based bank sold two 15-year tranches on 21 October, tracking the Solactive Future Series United States 500 High Water Mark USD Series 1 Index, according to filings on Thailand’s Securities and Exchange Commission. The custom index is embedde