FVC review: Mariana structured note offers range-bound income

Coupons could surpass risk-free rate but indexes must remain within defined range

Stock market performance

Mariana Capital Markets has issued a six-year structured product linked to the FTSE 100 and S&P 500 indexes. The product will pay a quarterly coupon of 2% (equivalent to 8% per annum) if the levels of both indexes are between 70% and 130% of their initial levels on each quarterly observation date. If the closing levels are outside this range then no coupon will be paid for the quarter. Therefore if either index rises or falls by more than 30% from when the product strikes, income will be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here