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.”
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Notes to editors
1. 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 distributers 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, utilising its product risk rating.
2. About UK Conditional Quarterly Autocall – Issue 1
The maximum investment term is ten years and is linked to the performance of the FTSE 100 index.
The counterparty credit rating is A+ and the minimum investment amount is £5,000.00
UK Conditional Quarterly Autocall – Issue 1 is administrated by Hargreave Hale Limited
The UKSPA gave this product a rating of C, an exact risk score of 5.15 and a volatility rating of 10.77.
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 level.
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 Index is at least equal to 110% of its opening level on any quarterly measurement date from 12th November 2018. 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.
If the final level of the FTSE 100 Index is more than 40% below the opening level of the FTSE 100 index, the investor will receive back less than their original investment. The amount of investment they receive back will be reduced by the same percentage amount that the FTSE 100 Index has fallen in value from the start date.
Hilbert will charge a one-off distribution fee of up to 1.5% to cover its costs for marketing the Plan. No part of this fee will be used to pay a financial adviser.
For more information please contact:
Sam Shelton, Junior PR Executive.
Fortuna Asset Management Communications Ltd.
M: +44 (0) 7540336998
EM: sam@fortunaamc.co.uk
Web www.fortunaamc.co.uk