Falls give rise to financial stock recovery products


Miserable equity performances in the financial services sector have given rise to two recovery products that exploit the market entry point.

Cater Allen Private Banking has launched the Selected UK Banking Plan 2, issued by Abbey National Treasury Services, which is linked to HSBC, Lloyds TSB, Barclays and Royal Bank of Scotland shares. The capital guaranteed autocallable plan lasts six years. If the share basket is at or above its price at strike on the first anniversary, the product matures

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