Product wrap: Generali, BNP offer access to luxury goods in France

EUROPE Generali distributed Conviction Luxe Avril 2022 in France. The 10-year product, which is eligible via a life insurance contract, is issued on the paper of BNP Paribas Issuance BV with BNP Paribas acting as the guarantor. It is linked to the Solactive Luxury 2021 Decrement 5% Index , which tracks a static basket of 10 securities including Apple, Ferrari, Estee Lauder , and Hermes International . The product has a knockout feature which is triggered – monthly, after the first year of