Product wrap: MS tracks Eurostoxx ESG in France, BNP Paribas unveils CLN in Sweden

Europe Strivo collaborated with BNP Paribas for the launch of 2901 Kreditbevis Europa High Yield in Sweden. With a tenor of 4.8-years, the certificate tracks the performance of the Markit iTraxx Europe Crossover S39 index , which comprises 75 European companies that have a credit rating lower than BBB (S&P) or Baa (Moody’s). If no more than 18 credit events (bankruptcy, failure to pay, restructuring and governmental intervention) have taken place in the underlying companies of the