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Société Générale launches listed structured products in London

Société Générale issued, on March 16, The FTSE Income Protection 2000, the first of a new range of listed structured products tradable on the London Stock Exchange, and part of the bank's Income Protection Range, which provide direct access to structured investment products via the exchange.

The product provides an unconditional regular income of 2% every quarter; and the return of initial capital at maturity as long as the FTSE does not fall below 2,000. Should the barrier be breached, the holders will receive at maturity the performance of the FTSE from the initial level, of 4,000.

The bid:ask spread is 1% and the last trading date was March 12 2012. The minimum trade size is one certificate.

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