Unicredit note offers capped returns on Euribor
UniCredit has issued a three-and-a-half year structured product to German investors offering a capped return that is based on Euribor, the European interbank lending rate. Capital is protected and the variable income is above the risk-free rate
The HVB Euribor Sprint Cap Floater, a product issued by UniCredit Bank linked to the performance of three-month Euribor, is a variable income product that gives investors a chance to receive quarterly income payments. Investor capital is protected at maturity and the amount returned to investors does not depend on the performance of the underlying. The product has a strike date of February 28 and a maturity of roughly three years and six months.
While the amount of income is determined by the
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