Hilbert Investment Solutions launches ‘Conditional Quarterly Autocall Issue 11’
Hilbert Investment Solutions has launched ‘Conditional Quarterly Autocall issue 11’ a structured product available to the public which aims to provide investors with a return of 2% per quarter.
‘Conditional Quarterly Autocall Issue 11’ is a dual index product which is linked to the performance of both the FTSE 100 and EUROSTOXX 50 indices. The product is the latest release in Hilbert’s Income Series designed for investors who are looking to boost their income.
The plan has a 10-year investment term and is available through either Direct Investment, ISA Investment or via a client’s self-invested personal pension (SIPP).
Hilbert founder Steve Lamarque said, “Dual-index products such as ‘Conditional Quarterly Autocall issue 11’ are popular in the UK because they can potentially provide investors with a quarterly boost to their income.”
“The product has more ‘moving parts’ than a traditional single index issue but is consequently able to provide a higher coupon payment for investors who are willing to take on the additional risk”, said Lamarque.
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 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.
About Conditional Quarterly Autocall Issue 11
Conditional Quarterly Autocall issue 11 is issued by Citigroup Global Markets Funding Luxembourg S.C.A. (‘Citigroup’) and administrated by Hilbert Investment Solutions
The maximum investment term is up to ten years and is linked to the performance of the FTSE 100 and EUROSTOXX 50 indices.
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 2.0% 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 or 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 105% of their opening levels on any quarterly measurement date from 28th of October 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.
Sam Shelton PR Consultant
Fortuna Asset Management Communications
Tel: 07540 336998