Kickout
Fast Asian kickout
UBS recently offered investors in Hong Kong the opportunity to invest against the iShares FTSE/Xinhua A50 China Tracker Fund. Capital would have been at risk had the three-month product not kicked out after the first month
Market snapshot
Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month
A choice of credit ratings
Investors can choose between a Triple B and a Single A rated bank issuer in this five-year rollover plan, and receive different coupon payments on the basis of this choice as long as index levels at the product’s anniversaries are above the strike level
Sixteen again
Arc is offering a sterling-denominated play on emerging markets - specifically the iShares MSCI Brazil Index Fund ETF and Hang Seng China Enterprise Index - which promises returns of 16% for each year of its five-year term if no kickout occurs
Autocalling China
Morgan Stanley has produced a two-year autocallable linked to the iShares FTSE/Xinhua China 25 Index Fund with a 10% buffer. Increases above the target level are not passed onto the investor
US Wrap: Closing the week in emerging markets and S&P 500
Three structures were on offer last Friday, reverse convertible, kick out and accelerated growth products, with the increasingly common emerging markets accompanying the usual flurry of S&P 500-linked notes.
Meteor launches Prima Growth Plan 16
Meteor, the UK distributor, has launched the sixteenth version of its Prima Growth Plan which has been issued by AAA-rated Rabobank. The kick-out style product has the potential to pay a 10% coupon after one year, paying the return on its first…
Walker Crips launches first growth product
Walker Crips Structured Investments (WCSI) has launched its first growth product on the retail market. The Annual Growth Plan, a non-capital protected plan, provides exposure to the FTSE-100 index. The three-year kick-out plan offers a return of 10% a…
Investec Guaranteed FTSE Plan given facelift
Investec has changed the payoff profile of its Guaranteed FTSE 100 Plans, as part of the launch of its ninth collection of structured products covering investment, accumulation and income plans. The Guaranteed three-year FTSE 100 Plan 9 has two options…
US Wrap: S&P 500 still dominates growth products
The S&P 500 continues to dominate growth products, despite the illusion of index diversity. Morgan Stanley launched a three-year leveraged participation note ahead of the weekend which linked to three indexes: the S&P 500, the Nasdaq 100 and the MSCI…
Keydata offers kickouts - Product review
Keydata Investment Services is offering a six-year multi-kickout product linked to the FTSE 100 for which capital is not protected at maturity only if the final index level is below the 50% barrier. Potential returns are 12% (not compounded) annually
Morgan Stanley - Product review
At the end of 2006, Morgan Stanley launched a FTSE 100 kickout product for the UK, the FTSE Protected Growth Plan 14, offering potential early maturity after three years