BBVA will begin selling sustainable financial contracts to individual customer this month.
The bank says it will invest funds from customers in companies that are considered sustainable based on certain criteria for inclusion, which will determine the green, social or sustainable nature of the investment.
The structured investment products guarantee the return of 95 percent of the money invested and an 0.80 percent coupon for this amount. The remaining five percent is not guaranteed at maturity – a three year period – with the possibility of a one percent annual coupon (on the five percent) if a certain condition is met. The return of five percent of the invested amount will depend on how the price evolves for a basket of three securities: Siemens, Axa and Inditex – companies that are part of the Dow Jones Sustainability Europe Index.