HQX offers two-year structured product with European barrier

HQX is offering UK investors a two-year investment in three liquid UK stocks, with a European barrier set at 80%. An annual coupon of almost 10% is potentially on offer

The two-year, fixed-rate income plan issued by HQX is a capital-at-risk income product linked to three stocks: HSBC, Vodafone and BP, offering an annual income of 9.36% that will be paid each quarter regardless of the performance of the underlying assets. If at maturity the closing level of the worst-performing share has stayed above the barrier level of 80% on the final valuation date, the capital will be returned to an investor in full. If the barrier is breached, the quarterly coupons will go