Union Bank issues five-year cliquet linked to Russell 2000

Protection in a CD wrapper

This is a five-year cliquet growth product from Union Bank that is linked to the Russell 2000 Index and offers principal protection and a minimum return of 2.5% at maturity.

The length of the product term for this type of structure is generally divided into separate time periods - 20 in this case - in which the rise and fall of the index is measured and the sum of which is paid at maturity, subject to minimum and maximum returns.

There is a quarterly cap of 4-5% and therefore the maximum return

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