Citi, Qontigo partner on new autocall single stock decrement series

Qontigo has teamed up with Citi for the launch of the iStoxx Single Stock Decrement Indices. The index family is specifically designed to be used as underlying for autocallables, and consists of 69 indices that replicate the gross return of 23 liquid global stocks whilst assuming a constant dividend markdown (decrement). There are three indices per stock, with each one showing a different decrement level to cater to different objectives: defensive (cash), the decrement is equal to the mini