Hilbert Investment Solutions is introducing its latest issue of UK Conditional Quarterly Autocall, a structured product which is linked to the performance of the FTSE 100 index and aims to provide investors with a return of 7% per annum.
The product aims to pay a coupon of 1.75% at each quarterly measurement date. It will do so when the closing level of the underlying asset is at least equal to 80% of its opening level. Alternatively , if the closing level of the underlying asset is below 80% of its opening level on a quarterly measurement date, no income will be paid for that quarter.
After 10 years, when the plan matures, the customer could receive back significantly less than originally invested if the final level of the underlying asset has fallen more than 40% below its opening level.
In such circumstances, the investment will be reduced by the same percentage amount that the underlying asset has fallen. If the underlying asset remains above the 40% level then the customer will receive back a sum equal to their original investment.
UK Conditional Quarterly Autocall – Issue 5 is available through either direct investment, an ISA or via a client’s self-invested personal pension (SIPP).
Hilbert’s Head of UK Distribution Dasale Mallawa-Arachi said “We are continuing to see a growing demand from UK clients for products in our Income Series. We’ve been able to consistently offer defensive plans throughout this range of structured products and we’re aiming to keep up this trend for our clients”.
Notes to editors
About Hilbert Investment Solutions
The firm was established in 2012 by former Old Mutual head of structured products Steve Lamarque to specialise in cross asset, structured solutions covering equities, rates and commodities. Hilbert specialises in innovative, forward-looking investment solutions, often tailored to individual client needs. The team can design structures to meet a specific performance target, match a particular appetite for risk or satisfy environmental or social responsibility expectations.
Hilbert believes that delivery is just as important as structuring, with ongoing client support including high quality research which enables distributors to explain the rationale behind the tools and ideas and how they fit within investment portfolios.
In 2016, Hilbert joined the UK Structured Products Association and aligned itself to the UKSPA Code and utilises its product risk rating regime.
About UK Conditional Quarterly Autocall Issue 5
A. UK Conditional Quarterly Autocall issue 5 is issued by Citigroup Global Markets Funding Luxembourg S.C.A. (‘Citigroup’) and administrated by Hilbert Investment Solutions
B. The maximum investment term is up to ten years and is linked to the performance of the FTSE 100 index.
C. The counterparty credit rating is A+ with S&P and the minimum investment amount is £5,000.00
The investor will receive an income payment of 1.75% for each quarterly measurement date that the closing level of the FTSE 100 index is at least equal to 80% of its opening levels.
The income is paid gross. If the closing level of the FTSE 100 index is below 80% of its opening level on a quarterly measurement date, no income will be paid for that quarter. Once the plan has matured, no further income will be paid.
The plan will mature early if the closing level of the FTSE 100 is at least equal to 105% of its opening levels on any quarterly measurement date from the 5th of February 2021.
If this happens, the investor will receive the income payment for that quarter, and the repayment of their original investment in full at this point.
Issued by: Sam Shelton Senior PR Manager Fortuna Asset Management Communications Tel: 07540 336998