26/06/2024
Taking a look at a host of structured products that have been on offer this month from some of the active providers in the sector, it is clear to see a broad range of different structures that investors can choose from based on their specific objectives and risk appetites.
Arcus Partners – 6Y UK & Europe Defensive Step-Down Kickout Plan (MS16)
A 6-year capital at risk autocall backed by Morgan Stanley offers a potential for early maturity from year three onwards, returning 9.20% for each year held. Early maturity will be triggered if both the FTSE 100 and Euro Stoxx 50 indices are at or above 95% of the initial level on year three, 90% in year four, 85% in year five and finally 80% in year six. Should no early maturity occur, capital will be returned if both indices are no more than 35% lower at the end of the term.
hop investing – UK Quarterly Step Down to 80 Kick Out Plan
A maximum 7-year capital at risk autocall, backed by Canadian Imperial Bank of Commerce, features the potential to mature on any of the plan’s quarterly observation dates from year two onwards. Early maturity will be triggered provided the FTSE 100 Index closes at a level equal to or higher than a reducing reference level, starting at a 5% hurdle which steps down to 80% of the initial index level on the final quarterly observation. Should early maturity occur, 1.6875% is returned for each quarter the plan is in force (6.75% p.a) along with invested capital. If no early maturity is triggered and at the end of the term the FTSE is no more than 35% lower, invested capital will be returned.
iDAD – 2 Year UK Defensive Deposit Plan July 2024 – Issue 1
A 2-year deposit plan from Goldman Sachs offering 8% annual interest provided the FTSE 100 closes at or below the initial level recorded. On each anniversary date, if the FTSE is at or below the strike level, 8% interest will be earned and paid at maturity. Should the FTSE be above the initial level on each anniversary, capital will still be returned in full.
Mariana – FTSE 100 Defensive Kick Out Plan
A maximum 7-year capital at risk step down autocall plan, backed by Credit Agricole, features the potential to mature on any of the plans anniversaries from the third year onwards, returning 7.25% for each year held. Early maturity will be triggered if on the third or fourth anniversary the FTSE 100 is at or above the initial level, above 95% of the initial level on the fifth or sixth. If no early maturity occurs and the FTSE 100 is no more than 15% lower by the final maturity date, invested capital will be returned in full in addition to a gain of 7.25% for each year, if the FTSE is more than 35% lower, loss will occur in line with the index.
MB Structured Investments – UK 5Y Quarterly Step Down to 85 Kick Out Plan (Y2 65)
A maximum 5-year capital at risk autocall, backed by Barclays, features the potential to mature on any of the plan’s quarterly observation dates from year two onwards. Early maturity will be triggered provided the FTSE 100 Index closes at a level equal to or higher than a reducing reference level, starting at a 5% hurdle which steps down to 85% of the initial index level on the final quarterly observation. Should early maturity occur, 1.7625% is returned for each quarter the plan is in force along with invested capital. If no early maturity is triggered and at the end of the term the FTSE is no more than 35% lower, invested capital will be returned.
Meteor – FTSE Monthly Fixed Income Plan - Option 2
A 4-year capital at risk income plan, backed by Credit Agricole offers monthly income of 0.4575% (5.49% p.a) regardless of the movement in the FTSE 100. At the end of the term capital will be returned in full should the FTSE be no more than 40% below its initial level recorded.
Walker Crips – UK 90% Annual Kick-out Plan (MS167)
A maximum 6-year autocall plan from Morgan Stanley & Co. International features potential to mature on the second or subsequent anniversary provided the FTSE 100 is equal to or higher than 90% of the initial level recorded. Should early maturity occur, 7% will be returned for each year the plan has been in force, with capital protected subject to the FTSE being no more than 40% below its initial level at the end of the term.
The plans above demonstrate just some of the typical investments offered by the popular providers in the sector, many of which offer a spectrum of structured products catering to different risk profiles. To see the currently available plans they have on offer, please visit our current products page here.
Structured investments put capital at risk.
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We review the UK's retail structured investment sector, providing pertinent support for Professional Advisers and relevant research tools.
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