Commerzbank launches its first retail structured product in Italy
Commerzbank Corporates & Markets (CBCM) has launched its first structured product aimed at retail investors in Italy. The new five-year certificate, Twin Win, allows investors to gain from an increase in the S&P/MIB index, and, in some circumstances, gain from a fall in the index as well.
If at maturity the index is lower than the price observed at the start date, but has never traded at or below the barrier level of 60% of the initial value, the certificate holder will receive the nominal value plus the negative performance after it is reverted into a positive performance. But if the price trades at or below the 60% barrier the return will be the actual negative performance.
If at maturity the index is higher than the initial value, the certificate holder will receive the
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