Debut retail structured product from HQX pays 9% and issued by SG
London-based start-up distributor HQX has launched its first retail structured product, an income plan that pays a fixed gross rate of 9.36% a year and uses Société Générale as the counterparty.
The HQX Two Year Fixed Rate Income Plan July 2013 was launched on June 21 and is based on the performance of BP, HSBC Holdings and Vodafone Group. The stocks, which tend to stay at or near the top of the FTSE 100 by market capitalisation, were also used by BNP Paribas as underlyings for an autocall it
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