This document describes a financial product that allows clients to participate 1.2 times in the upside performance of an underlying index, with no cap on the upside. If the performance is negative, there is no settlement. Clients pay USD3mLibor + 1.55% p.a. The benefits include leveraged upside participation, higher dividends, and lower volatility compared to Eurostoxx50 and Stoxx600 indices. Risks include counterparty risk, mark-to-market risk, and the risk of rising Libor rates.
documents/vol00010-efta01456939-pdf.pdf
{"document_type":"financial","document_subtype":"financial product description","reference_numbers":["DB-SDNY-0116287","SDNY_GM_00262471","EFTA01456939"]}