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What's New In Investments, Funds? - Guernsey Green Finance, UBS, Others

Editorial Staff

22 May 2019

has launched UK Conditional Quarterly Autocall Issue 7, a new structured product which aims to provide investors with a return of 7 per cent per annum.

The plan is now available through direct investment, Independent Savings Account or a self-invested pension plan. It aims to pay investors 1.75 per cent per quarter depending on the performance of the FTSE 100 index.

The product features a 10-year investment term capable of maturing early if the closing level of the FTSE 100 index is at least equal to 105 per cent of its opening level on any quarterly measurement date from 25 June 2021. Should this happen, then the investor will receive the income payment for that quarter, and the repayment of their investment in full at this point.

The product will be issued by Citigroup Global Markets Funding Luxembourg and administrated by Hilbert Investment Solutions. 

The maximum investment term will be up to 10 years and is linked to the performance of the FTSE 100 index. The counterparty credit rating is A+ with S&P and the minimum investment amount is £5,000 ($6,389).