Product wrap: Edelweiss subsidiary allows for 75% fall in Nifty 50

EUROPE Deutsche Bank collected €7.5m (US$8.4m) with Fund Opportunity Coupon 2028 in Belgium. Every year the product offers a coupon equal to 100% of the annualised performance of DWS Concept Kaldemorgen, an actively managed fund with total assets of approximately €11.3 billion. The capital protected medium-term note (MTN) is listed in Luxembourg and issued via Morgan Stanley. The coupon, capped at 4.5%, is subject to a withholding tax of 30%. Total costs of maximum 8.5% are included i