This is a six-year income product linked to the FTSE 100 and the UK Retail Prices Index (RPI), which pays monthly coupons equivalent to 2% per annum plus the annual rise in the RPI. Capital is at risk if the FTSE 100 breaches the 50% barrier and does not recover by maturity.
The monthly coupon will be adjusted each April to coincide with the latest annual inflation rate. For example, if the annual rise in the RPI was 3.5%, the investor would be paid coupons equal to this inflation rate plus 2% p
The week on Risk.net, July 7-13, 2018Receive this by email