Product wrap: Proprietary indices conquer US market

EUROPE ING Bank launched a seven-year memory coupon note linked to the Eurostoxx Select Dividend 30 Index in Belgium. The capital-protected product offers a fixed annual coupon of one percent providing the index closes at or above its initial level. The issue price of 101% includes a structuring cost of up to 1.86%. Société Générale issued Bleu Smalt in France. The 10-year medium-term note, which is eligible via a life insurance contract, offers a capital return of