Investec autocallable offers collateral support and 11% on FTSE 100 and S&P 500

Investec is offering UK investors a six-year autocallable with an American barrier and five-day averaging, as well as cover against issuer insolvency. Payment of the defined return is linked to the fortunes of US and UK benchmark indexes

Investec Structured Products has issued a dual index plan that offers exposure to both the UK and the US via the FTSE 100 and S&P 500 indexes. The product is a maximum six-year plan that provides a fixed return if the kickout conditions are met.

This type of product is known as an autocall and will pay an annual return of 11% if both indexes are above their initial level on any relevant annual observation dates. If both underlyings are above the required kickout level, the product will be called