Product wrap: Crédit Agricole’s private bank tracks Stoxx carbon index

EUROPE Crédit Agricole Banque Privée launched Neolys Janvier 2020 in France. The product can be redeemed early – annually – if the underlying Euro iStoxx 50 Carbon Adaptation GR Decrement 5% Index closes at or above its initial level on the valuation date. The index replicates the performance of the gross return version of the Euro iStoxx 50 Carbon Adaption index (assuming a constant five percent performance deduction per annum) which in turn tracks the composition of