Structured products specialists, Gilliat Financial Solutions, has launched its first products aimed at the offshore market.
The Quarterly Income Notes - April 2012 offer a regular quarterly income providing the FTSE 100 and S&P 500 are both above one of the reference levels. The higher reference level is set at 75% of strike levels and offers 1.875% per quarter (USD) whilst the lower reference level is set at 60% of strike levels and offers 1.25% per quarter (USD). "Falls of up to 40% in the FTSE 100 can still result in a regular quarterly income. The notes also include a capital protection barrier which is set at 60% of the strike level which means that providing both indices are above this level on the end ...
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