Product wrap: ING back in business

EUROPE ING Bank launched the five-year EUR Autocallable Notes 03/28 in Belgium. The capital-protected product participates 100% in the upside performance of the Eurostoxx 50 Index . It is subject to early redemption if the index closes at or above the knockout barrier, which is set at 100% in year two; 105% in year three; and 110% in year four. In that case, it offers 100% capital return, plus a coupon of 4.60% per elapsed year. The product is not listed, and the maximum costs is four percent,