When you buy a structured debt security, you are lending money to the issuer and become a creditor. The potential return depends on the performance of an underlying security, such as an interest rate or a benchmark equity index.
An EMTN (Euro Medium Term Note) is a type of medium-term debt instrument issued in EUR and having a maturity of 1 to 10 years.
SPUERKEESS EMTN 3544 "Market Participation Note (MPN)" on Euro Stoxx Industrial Goods & Services (SXNE) Euro Medium Term Note with capital protection 14.05.2025-14.05.2029
A ‘Market Participation Note’ (or MPN) EMTN is a debt security, usually with 100% capital protection, which pays a gain at maturity proportional to the positive performance of an underlying asset (share, basket of shares or index). This gain is also known as a ‘participation’ in the performance.
In return for capital protection, participation in the positive performance of the underlying is often only partial. At final maturity, investors receive their capital plus a bonus if the underlying has performed positively since its initial observation level.
In the event of a negative performance of the underlying, the capital invested is repaid in full at final maturity (capital protection).
The previous issues
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Spuerkeess EMTN 3534
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SPUERKEESS EMTN 3526
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SPUERKEESS EMTN 3524 "Callable Range Accrual"
"Callable Range Accrual" 3,10% 09.10.2024-09.10.2028 (range 1,75% - 3,50%)
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SPUERKEESS EMTN 3519 "Callable Range Accrual"
4,16% 10.07.2024-10.07.2028 (range 1,75% - 3,80%)
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SPUERKEESS EMTN 3517
"Callable Range Accrual" 4,15% 12.06.2024-12.06.2028 (range 1,75% - 3,90%
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SPUERKEESS EMTN 3514 "Callable Range Accrual"
3,80% 02.05.2024-02.05.2028 (range 1,75% - 4,00%)
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EMTN 3504
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EMTN 3502 "Callable Step-Up"
05.12.2023-05.12.2026 3,55 % - 3,70% - 4,00%
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EMTN 3534