High demand closes structured product for the first time
Hilbert Investment Solutions has for the first time had to close its latest structured product for business ahead of schedule following a high demand from UK investors.
‘UK Conditional Quarterly Autocall Issue 4’ is issued by Citigroup and invests in the FTSE 100 index with a target return of 2.05% paid quarterly.
The firm offers a range of structured products with similar terms as part of its Income Series, it also offers a managed portfolio service for those who seek to diversify their investment.
Hilbert’s Founding Partner Steve Lamarque said, “It’s great to see our products gain real traction in the UK investment market. Our Income Series has proved to be very popular in the UK due to an increasing demand for quarterly returns from both investors and IFAs”.
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 4
A. UK Conditional Quarterly Autocall issue 4 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 2.05% 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