Product wrap: French life company offers daily autocall on S&P decrement index

EUROPE Suravenir , a subsidiary of Crédit Mutuel Arkea, which manages and designs life insurance and retirement savings products, distributed Fast Trigger in France. The 12-year product is linked to the S&P Euro 50 Equal Weight 50 Point Decrement Index (Series 2). The product can redeem early on each trading day (from 26 June 2023 onwards) if the index closes at or above its initial level. In that case, it offers 100% capital return, plus a pro-rated coupon of eight percent per annum