London and Paris based structured product firm Hilbert Investment Solutions has launched the second structured product in its income series called ‘UK Conditional Quarterly Autocall Issue 2’.
The product designed for the UK retail market is listed on the Irish Stock Exchange and invests in the FTSE 100 index – it aims to pay investors 1.75 per cent on a quarterly basis provided that the closing level of the FTSE 100 is at least equal to 80 per cent of its opening level on any quarterly measurement date.
UK Conditional Quarterly Autocall Issue 2 has the capability to mature early provided that the closing level of the FTSE 100 index becomes at least equal to 112 per cent of its opening level on any quarterly measurement date from 20 December 2018. If this happens, investors can expect to receive the income payment for that quarter and the repayment of their original investment in full at this point.
The counterparty for the product is Citigroup Global Markets Funding Luxembourg SCA.
Hilbert’s founder Steve Lamarque, says: “I’m really pleased to announce the launch of ‘UK Conditional Quarterly Autocall Issue 2’ the second structured product in our income series. This product is well suited for those who are seeking regular income payments and given the success of our first issue I am confident that this product will be popular with our clients in the UK.”