The Belgian bank is distributing its first structured note with the profiled payoff which is based on the performance of different portfolios, each linked to the same underlyings but in varying weights.

Crelan has launched the Global Resource Preservation Portfolio Note USD 2023 in Belgium. The product is issued via Credit Suisse and offers exposure to two portfolios – defensive and dynamic – each linked with different weights to equities (Thompson Reuters Global Resource Protection Select Index) and bonds (DPAM L Bonds EUR Quality Sustainable Fund). At maturity the securities offer minimum 100% capital return plus 100% of the rise in the best performing portfolio. “These tw

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