The French bank offers an additional feature that limits losses in the event of large falls in the underlying shares.

BNP Paribas has issued a new series of Airbag Cash Collect Certificates in Italy. The publicly offered products, 15 in total, are linked to a worst-of basket comprising a mixture of Italian, European and American shares. The certificates offer potential annual memory coupons of between 8.40% and 26.80% – paid quarterly – on a maturity of three years. Thanks to the airbag feature at maturity, the certificate will generate a better performance, albeit negative, in the event of a nega

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