We are delighted to share with you details of the first true ESG Structured Product launched in the UK in conjunction with Mariana working alongside Credit Agricole as the chosen Counterparty.
Structured Products linked to ESG Indexes are quite common in Europe, but not in the UK. When Mariana looked at these products they found that when you investigate the mechanics, investors are gaining exposure to the performance of these Indices but not really investing ethically which is what is now going to change.
To achieve this they are making one simple amendment to how Structured Products are made by replacing the normal Bank Bond which is a significant part of a Structured Product with a Bank Issued Green Bond. Green Bonds have been created to exclusively fund projects that have positive Environmental &/or Climate benefits.
With this small change they can get investors exposure to ESG focused or ethical Indices while at the same time ensuring that the funds invested are used for Green Projects. The Green Bond is issued out of Credit Agricole directly so in terms of credit risk it is treated in the same way as any other Credit Agricole Structured Product.
Below are the headline details of this Autocall Product. Please see the brochure for full information. Pages 14 -16 contain full information on both the chosen Index & the Counterparty for the underlying Bond.
|Mariana – ESG Green Bond Kick Out Plan
||MSCI Europe Green Select 50
||Credit Agricole S&P A+ negative
(Green Bond Issuance)
||Minimum of 1 year & Maximum of 6 Years
|Kick Out Levels:
||100% reference level
Years 1 – 6
||7.25% per annum
As always, we would remind you that this is a limited offer and if you are interested in the Plan we would encourage early action to take advantage of these attractive terms.