Brussels – 8 July 2015– For the first time on Euronext Brussels, Societe Generale is launching a new range of listed products called: SOCIÉTÉ GÉNÉRALE (FR) TURBOS INFINIS BEST.
These products are leveraged products, aimed at enhancing returns on the short-term or at hedging investors portfolio on the medium term. The underlying asset can be a single stock, an index or a currency pair, etc. with a tailor-made gearing.
“We are pleased to welcome Societe Generale’s new product range on Euronext Brussels,” said Vincent van Dessel, CEO of Euronext Brussels. “After the successful launch of Societe Generale’s first Leverage and Short Certificates on the BEL 20 Index in 2014, this new listing underscores the strong local and international interest for high-quality and agile instruments. We see an increasing appetite of Belgian investors for these products when listed in Brussels as their turnover more than tripled over the two last years.”
SOCIÉTÉ GÉNÉRALE (FR) TURBOS INFINIS BEST are open-end. Investors can therefore adapt their investment horizon to their investment strategy. These products are derivative instruments under French law, which are easy to trade: they can be bought or sold through Euronext Brussels via a broker or a regular bank as a single stock.
Societe Generale will be the market maker for these products during Stock Exchange trading days: from 8am to 6.30pm for index linked products and currency linked products, and from 9.05am to 5.30pm for stock linked products. The list of underlyings is available on the website www.sgbourse.be.
If the knock out level has been triggered during the product lifetime, investors will bear a total loss of their invested capital. SOCIÉTÉ GÉNÉRALE (FR) TURBOS INFINIS BEST are therefore designed for sophisticated retail clients, who have a good understanding of the markets and of the product characteristics; in particular of the gearing effect and of the knock out mechanism.