Hilbert Investment Solutions has launched its first publicly available UK structured product – ‘UK Conditional Quarterly Autocall – Issue 1’.
UK Conditional Quarterly Autocall – Issue 1 is linked to the performance of the FTSE 100 index and aims to generate income for investors by paying a quarterly income payment of 1.75% providing that the closing level of the underlying asset is at least equal to 80% of its opening level on any quarterly measurement date.
UK Conditional Quarterly Autocall has the ability to mature early if the closing level of the FTSE 100 index is at least equal to 110% of its opening level on any quarterly measurement date from the 12th November 2018. If this happens, then investors should expect to receive the income payment for that final quarter, and the repayment of their original investment in full.
The counterparty for the product is Citigroup Global Markets Funding Luxembourg S.C.A.
Hilbert’s founder Steve Lamarque said “I’m really pleased to announce the launch of our first UK publicly available structured product – UK Conditional Quarterly Autocall – Issue 1. The product aims to provide income, particularly to those who are seeking to boost their income in retirement.”