Palladium EUR Hedge ETC

The main objective of this fund is to provide investors with a predetermined claim under specified conditions. The product does not have a fixed term and can be exercised at any redemption date by submitting a written declaration within the redemption period.

This fund is exposed to the credit risk but does not offer any capital protection. It aims to reduce the exchange rate risk between USD and EUR through daily exchange rate hedging transactions. The fund's underlying asset is Palladium (PALL) with the reference price determined by The London Platinum and Palladium Market.

While the fund offers security in terms of credit risk and exchange rate hedging, it does not provide capital protection. The issuer has the right to adjust the product or terminate it prematurely in case of certain extraordinary events as per the terms and conditions.

https://www.etp.bnpparibas.com/products/details/palladium-eur-hedge-etc/de000pb6pae6