Société Générale offers UK and US recovery products

Société Générale has issued two new UK-listed structured products based on UK and US equity market volatility "and any potential nearside recovery in the UK equity market", says the French bank.

The five-year SG77 UK and US Equity Income Certificate pays a coupon of 10.5% pa with full capital protection if neither index falls by 50%. The coupon is paid annually in arrears, irrespective of equity market performance. The SG78 FTSE100 Double Upside Accelerator is aimed at any short-term recovery in the UK equity market. The one-year certificate offers two times the rise of the FTSE 100 index up to a capped return of 30% with full capital protection if the index does not fall by 40%.

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