French financial advisory and brokerage boutique Irbis Finance has released Privilege Action Total 2019, a 10-year medium-term note (MTN) linked to the share of Total SA.

The product offers a potential annual yield of 7.2% while seeking to maximise the probability of an early redemption with a quarterly observation and a step-down autocall trigger. “Our conviction is that the product structures need to constantly adapt to the context and especially to the underlying type,” said Clément Lemaire (pictured) , head of development at Irbis Finance. “We aimed at offering a design robust enough as to the current [high] market levels,” sa

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