Keydata unveils new income trade

UK distributor Keydata has launched issue 26 of its Extra Income Plan, which is designed to provide exposure to the FTSE 100 index. The trade will pay a monthly income of 0.67% (8.04% per annum).

The five-year non-principal protected trade will redeem at 100% unless the final level of the underlying index has fallen by 50% or more of the initial index level. In this instance capital will be lost on a 1:1 basis. The trade will be invested in preference shares. The issuer of the preference shares will enter into a contract with Citigroup Global Markets (the counterparty). The minimum investment is £3,600.

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