Product wrap: German bank’s embrace MSCI SRI indices

EUROPE DZ Bank launched Rendite Express 96 ST 9 21/28 in Germany. The 6.5-year investment certificate has a knockout feature, which is triggered (annually, from March 2023 onwards) once the underlying MSCI World SRI Sustainable Select 3.5% Decrement Index closes at or above 96% of its starting level. The product can be traded at the exchanges of Frankfurt and Stuttgart. Capital is preserved providing the index closes at or above 60% on 15 March 2028. P riips summary risk indicator (SRI): four o