Product wrap: Crédit Agricole issues reverse convertible in Japan

EUROPE Crelan collected US$10.1m (€8.7m) with the Callable Global AI Minimum Redemption USD 2029 in Belgium. The 7.8-year medium-term note (MTN) participates 100% in the rise of the iStoxx AI Global Artificial Intelligence 100 NR Decrement 5% Index , subject to an overall minimum capital return of 107%, paid out in US dollars. Goldman Sachs International (the issuer) has the option to call the product – annually – from year two to year six. In that case, it offers 100% capital