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BCP ESG Defensive Kick-Out Bond 3

BCP is delighted to launch the new BCP ESG Defensive Kick-Out Bond 3. 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 has designed this product to optimise the return potential whilst minimising the risk of capital loss with annual kick out opportunities and a defensive step-down autocall feature. The index can fall up to 20% over the term and the Bond will still pay out a gain of 80%.


Key Features

  • Potential gross return of 8% per annum (80% maximum return, CAR 6.1%)
  • Return and Kick-Out if the underlying Index is at or above the Autocall Barrier at the end of any year
  • Early maturity opportunities annually, after year 1, if the Index is at or above the Autocall Barrier
  • Defensive feature whereby the Autocall Barrier reduces by 2% from years 2 to 9 and by 4% in year 10, so that the Bond will Autocall/kick-out with a return of 8% for every year 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) Reduced minimum investment €15,000 where investments are completed in full online using vespro.bcp.ie 
  • This is a capital at risk product
  • Closing Date is 23rd April 2019


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 4th May 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