The Transatlantic ESG Bond 3 is an equity based investment strategy. This strategy focused on the performance of 100 large companies in the United States and the Eurozone with the highest ESG scores. The Bond provided a return linked to the performance of these companies with capital protection features.
The Transatlantic ESG Bond 3 was backed by Counterparty/Guarantor BNP Paribas.
Credit Ratings: AA- (Fitch), A1 (Moody’s) and A+ (S&P).
Thematic Strategy
The Underlying S&P Transatlantic 100 ESG Select EW RC 17% 50 Point Decrement Index was designed to provide exposure to the performance of 100 of the largest companies in both the Eurozone and the United States. Of which these companies had the highest Environmental, Social and Governance (ESG) scores. Companies that were involved in controversial activities and who did not comply with the UN Global Compact Principles were excluded.
The Index incorporated a volatility Risk Control Mechanism. This was to adjust the exposure of the Index to the Portfolio of Stocks in order to maintain volatility close to a level of 17%.
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