France performance analysis (part 3): future maturities and barrier risks

In the third and final part of our performance analysis on the French market, we reviewed the outstanding structured products and looked whether there has been a risk for the invested capital during the most recent market low point in June this year. Given the low interest rates environment, capital guaranteed products have been scarce over the past years. Therefore almost 90% of the outstanding products in France feature a conditional protection of the invested capital in the shape of a knock-