Brazil's Credit Suisse Hedging-Griffo has issued its first structured product linked to a basket of currencies with a bearish position on the euro. The fund is the second product in the market linked to a basket of currencies, and the third linked to FX.
CSHG Short Euro is a one-year product with full capital protection, linked to an equally-weighted basket of four currencies (sterling, dollar, Swedish krona and Swiss franc) against the euro. At maturity the product returns the capital invested, plus 300% of the basket appreciation against the euro.
CS Hedging-Griffo was created in December 2006 as a result of the association between Credit Suisse and Hedging-Griffo.
CSHG Short Euro struck on 19 March raising BRL40m ($22.5m). The minimum investment amount was BRL50,000 ($28,000).
This product appears on the Brazilian database.