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BCP ESG Defensive Kick-Out Bond 2

BCP is delighted to launch the new BCP ESG Defensive Kick-Out Bond 2. The investment strategy behind this Bond is focused on some of the most environmentally and socially responsible companies in Europe. The Bond itself aims to deliver high yield in a low, or even negative, return environment, with significant capital protection features. The guarantor of this listed security is Société Générale, which has a A+ rating from Fitch. 

Kick-Out Bonds such as this are designed to provide strong, fixed returns without investors having to take direct equity risk. BCP have designed this product to optimise return potential and minimise risk of capital loss with semi-annual kick out opportunities, a term extension out to a maximum 10 years and a reducing Autocall Barrier.


Key Features

  • Potential gross return of 10% per annum (100% maximum return, CAR 7.2%)
  • Return and Kick-Out if the underlying Index is at or above the Autocall Barrier at the end of any 6 month observation period
  • Early maturity opportunities every 6 months, after year 1, if the Index is at or above the Autocall Barrier
  • Defensive feature whereby the Autocall Barrier reduces by 2% every year, so that the Bond will Autocall/kick-out with a return of 5% for every 6 month period invested, even if the Index has fallen from the start level
  • The Euronext Euro 50 ESG index is designed to provide exposure to the performance of a portfolio of 50 European companies with the best ESG (Environmental, Social and Governance) ranking.
  • At maturity, investors will receive 100% of their capital if the Index level at maturity is not more than 40% below its starting level.  At maturity, if the Index is more than 40% below its starting level, then investor’s capital will be reduced by 1% for every 1% fall in the Index
  • Maximum 10 year term with annual early maturity opportunities
  • Available to: Personal Investors, Corporates, Charities, SSAP’s, AMRF’s, ARF’s, PRB’s, PRSA's
  • Minimum investment €30,000, (Denominations of €1,000) 
  • This is a capital at risk product
  • Closing Date is 22nd February 2019


Please click here to view SDIO Investment Instruction Form.


Warning: Past performance is not a reliable guide to future performance. Warning: If you invest in this product you may lose some or all of the money you invest. Warning: If you cash in your investment before 7th March 2029 you may lose some or all of the money you invest. Warning: The value of your investment may go down as well as up. Warning: Current Irish taxation legislation does not allow for a clear categorisation of the product as being subject to Capital Gains Tax. There is a risk an alternative taxation basis may apply. 

CAR is Compound Annual Return