Hilbert Investment Solutions has launched ‘Conditional Quarterly Autocall Issue 9’ a structured product which is designed to provide investors with regular income payments – a feature highly sought after by UK financial advisers.
The structured product forms the ninth edition of Hilbert’s income series – a mixture of bespoke public and private placements designed for the UK retail market.
‘Conditional Quarterly Autocall Issue 9’ invests in the performance of the FTSE 100 and EUROSTOXX 50 indices. It aims to pay investors 2.035% quarterly provided that the closing levels of each index do not fall below 80% of their opening levels on any quarterly measurement date.
Hilbert’s founder Steve Lamarque said, “We’ve seen the demand for income steadily increasing here in the UK particularly for those who are in retirement and I’m confident that ‘Conditional Quarterly Autocall Issue 9’ could be the solution for those with specific income requirements”.
Conditional Quarterly Autocall Issue 9 is issued by Citigroup Global Markets Funding Luxembourg S.C.A. and administrated by Hargreave Hale Limited.
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Notes to editors
1. About Conditional Quarterly Autocall Issue 9
A. The maximum investment term is up to ten years and is linked to the performance of the FTSE 100 and EUROSTOXX indices.
B. The counterparty credit rating is A+ and the minimum investment amount is £5,000.00
C. UK Conditional Quarterly Autocall issue 9 is administrated by Hargreave Hale Limited
The investor will receive an income payment of 2.035% for each quarterly measurement date that the closing level of the FTSE 100 and EURSTOXX indices are at least equal to 80% of their opening levels.
The income is paid gross. If the closing level of the FTSE 100 and EUROSTOXX indices are below 80% of their opening levels 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 both indices are at least equal to 110% of their opening levels on any quarterly measurement date from 18th of April 2019.
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.
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.
2. 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.
For more information please contact:
Sam Shelton, Junior PR Executive.
Fortuna Asset Management Communications Ltd.
M: +44 (0) 7540336998