Hilbert Investment Solutions re-launches latest structured product
Hilbert Investment Solutions is today re-launching ‘UK Conditional Quarterly Autocall’ a dual tax year structured product plan designed for those seeking to invest their 2018/2019 & 2019/2020 ISAs.
‘UK Conditional Quarterly Autocall – Issue 6’ is the latest instalment in Hilbert’s Income Series, it will aim to provide clients with an annual return of 7% depending on the performance of the FTSE 100 Index.
The plan has an investment term of up to 9 years and 11 months however, it also has the ability to mature early if the closing level of the FTSE 100 index is at least equal to 105% of its opening level on any quarterly measurement date from 22nd March 2021.
Should this happen, then the investor will receive the income payment for that quarter, and the repayment of their investment in full at this point.
Hilbert’s Founding Partner Steve Lamarque said, “We’re thrilled to announce the re-launch of our latest structured product. I hope that this initiative will provide an investment opportunity for clients who missed the boat previously and may be seeking an investment with a pre-defined strike level.”
Notes to editors
About UK Conditional Quarterly Autocall – Issue 6
Key investment dates
2018/2019 ISA deadline – 5th April 2019
2019/2020 ISA deadline – 22nd April 2019
Existing ISA transfer deadline – 15th April 2019
Cheque payment deadline – 15th April 2019
Bank transfer deadline – 22nd April 2019
A. UK Conditional Quarterly Autocall issue 6 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 nine years and eleven months 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.