This week’s wrap covers a selection of structured products with strike dates between 23-29 February 2020. Structures linked to gold were in demand with distributors in Brazil, China, Ireland, Italy, South Korea and the US all selling product tied to price of the precious metal.
EUROPE Intesa Sanpaolo collected US$73m with its Standard Long Digital Certificates on the gold price in Italy. If, on the annual observation date, the gold price set by the London Bullion Market Association is at or above its initial level, the product pays a coupon of 2.90% for that year. The product is listed in Luxembourg. A placement commission of three percent is payable by Banca IMI, the issuer. Another gold-linked product was seen in Ireland, where Cantor Fitzgerald launched the Gold P
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