Product wrap: Natixis targets French IFAs with autocall on SGX index

EUROPE Zuercher Kantonalbank was the most active issuer this week. The bank was the manufacturer behind 61 'worst of' barrier reverse convertible (BRC) structures targeted at retail investors in its domestic market of Switzerland. The most used underlying by the bank was the share of Roche , which appeared in a basket of one-year BRC that also included the shares of Novartis and Vifor Pharma . The certificate pays a fixed coupon of 7.25% pa. At maturity, if the knock-in level of 59% has been br