Below are the Structured Note issues that are currently available via Ethical Offshore Investments.
Structured Notes
While Structured Notes are not our core investments (we prefer to use daily traded managed funds, ETF’s & direct shares), we understand and acknowledge that there is a demand for such products, especially in the Offshore market.
These products can provide additional diversification and risk management for portfolios.
We will only have arrangements with providers that are regulated and adhere to our strict sustainable and ethical business management concept.
** All clients of Ethical Offshore Investments will receive a minimum 1% Commission Rebate credit on investments made into the Structured Notes listed below **
85-65 Memory Income Autocall
7.00%pa (USD) / 6.60%pa (GBP)
This income based note has the opportunity for an early maturity from 24 months. It features a quarterly coupon which is payable when all of the underlying indices are at or above 85% of their initials at any observation date. The memory feature means that whenever an income payment is made, it will include any payments that have previously been missed.
USD: 7.00%pa (1.75% paid quarterly) gross
GBP: 6.60%pa (1.65% paid quarterly) gross
Underlying indices: UK: FTSE 100 Index / Italy: FTSE MIB Index / US: S&P 500
Autocall Trigger: 100% of initial level
Income Trigger: 85% of initial level
Investment Term: 5 years (max)
Capital Protection Barrier: 65% Final Level (European Style) Barrier
Trades by: 16 April 2024
3 Year Triple Index Fixed Income
6.60%pa (USD)
This income based note will pay a fixed income coupon on the quarterly payment dates until maturity, irrespective of the performance of the underlying indices. At the final observation date, if the underlying’s are at or above the Capital Protection Barrier, then full capital is returned.
USD: 6.60%pa (1.65% paid quarterly) gross
Underlying indices: Japan: Nikkei 225 Index / Europe: Euro Stoxx 50 Index / US: S&P 500 Index
Investment Term: 3 years
Capital Protection Barrier: 65% Final Level (European Style) Barrier
Trades by: 22 April 2024
4 Year Mega Tech Fixed Coupon
10.00%pa (USD)
This Note offers a fixed coupon of 10.00%pa (2.5% paid quarterly) irrespective of the performance of the underlying companies. The Note can mature early if at any of the quarterly observation dates from month 18 onwards, the value of the underlying companies are at or above their initial level.
Underlying companies: Advanced Micro Devices / Netflix Inc / NVIDIA Corp
Fixed Coupon: 10.00%pa USD (2.50% paid quarterly)
Investment Term: 4 years (max)
Autocall Frequency: Quarterly from 18 months
Autocall Trigger: 100% of initial level
Capital Protection Barrier: 60% Final Level (European Style) Barrier
Trades by: 24 April 2024
4 Year Mega Tech Quarterly Phoenix Autocall
24.50%pa (USD) / 20.50%pa (GBP
This Note offers a potential coupon of up to 24.50%pa (6.125% paid quarterly) if all of the underlying companies are at or above 90% of their initial levels on the quarterly observation dates. The Note has a memory feature which means when a coupon is paid, it includes any previously missed coupons.
On each quarterly observation date from month 6, if all of the underlying companies are at or above their initial levels, the Note will Autocall with investors receiving 100% of their capital back, plus the coupon and any previously unpaid coupons.
Underlying companies: Meta Platforms Inc / Netflix Inc / NVIDIA Corp
Conditional Coupon: 20.40%pa USD (5.10% paid quarterly)
Conditional Coupon: 17.60%pa USD (4.40% paid quarterly)
Investment Term: 4 years (max)
Autocall Frequency: Quarterly from month 6
Autocall Trigger: 100% of initial level
Capital Protection Barrier: 60% Final Level (European Style) Barrier
Trades by: 24 April 2024
6 Year 100% Capital Protected Index Callable Note
6.20%pa (GBP)
This growth style Note will pay a coupon of up to 6.20%pa for each year held, if the underlying index is at 105% of its initial level on any of the annual observation dates, from the end of year one.
Conditional Coupon: GBP 6.20%pa
Underlying: Europe: Euro Stoxx 50
Investment Term: 6 years (max)
Autocall Observations: annually from end of year 1
Coupon Trigger (at maturity): 105% of initial level
Capital Protection: a minimum of 100% of capital returned at maturity **
** unless a Credit Event occurs with the issuer
Trades by: 18 April 2024
6 Year Triple Index Classic Annual Autocall
10.60%pa (USD) / 9.30%pa (GBP)
This Note offers a potential coupon of up to 10.60%pa for each year held, if the underlying assets are above their initial strike levels on any annual observation dates, from the end of year one onwards
Underlying indices: Euro Stoxx 50, Nikkei 225, S&P 500
Conditional Coupon: 10.60%pa USD / 9.30%pa GBP
Autocall Trigger: 100% of initial level
Investment Term: 6 years (max)
Capital Protection Barrier: 65% Final Level (European Style) Barrier
Trades by: 18 April 2024
3 Year Triple Index Fixed Income – GBP
6.10%pa
This income based note will pay a fixed income coupon on the quarterly payment dates until maturity, irrespective of the performance of the underlying indices.
At the final observation date, if the underlyings are at or above the Capital Protection Barrier (65%), then full capital is returned.
GBP: 6.10%pa (paid quarterly) gross
Underlying indices: Europe: Sweden OMX 30 / Japan: Nikkei 225 Index / Sweden: OMX 30
Investment Term: 3 years
Capital Protection Barrier: 65% Final Level (European) Barrier
Trades by: 25 April 2024
100% Capital Protected Autocall
8.30%pa (USD) / 7.10%pa (GBP)
This growth note has the opportunity for an early maturity from 36 months if all of the underlying indices are at or above their initial levels. If the note ‘autocalls’, clients will receive their invested capital back, plus a snowballing coupon for each semi-annual period that has elapsed.
USD: 8.30%pa (4.15% semi-annually) gross
GBP: 7.10%pa (3.55% semi-annually) gross
Underlying indices: Europe: Sweden OMX 30 / Japan: Nikkei 225 Index / Hong Kong: HSI Index
Autocall Trigger: 100% of initial level
Investment Term: 6 years (max)
Capital Protection Barrier: 100% Capital Protected at maturity **
** unless a Credit Event occurs with the issuer
Trades by: 25 April 2024
Classic Autocall Note (#17)
11.50%pa (USD) / 9.40%pa (GBP)
This Note offers a potential coupon of up to 11.50%pa for each year held, if the underlying assets are above their initial strike levels on any semi-annual observation date, from the end of year one onwards
Underlying indices: Euro Stoxx 50, Nikkei 225, S&P 500
Conditional Coupon: 11.50%pa USD / 9.40%pa GBP
Autocall Trigger: 100% of initial level
Investment Term: 6 years (max)
Capital Protection Barrier: 65% Final Level (European Style) Barrier
Trades by: 26 April 2024
Triple Index Classic Autocall – EURO
9.60%pa
This Note has the opportunity for an early maturity from 12 months if all of the underlying indices are at or above their initial levels. If the Note autocalls, clients will receive their invested capital back, plus a snowballing coupon for each semi-annual period that has elapsed.
Euro: 9.60%pa (4.80% Semi-annually) gross
Underlying indices: Italy: FTSE MIB Index / Hong Kong: Hang Seng Index / US: S&P 500 Index
Investment Term: 6 years (max)
Autocall Trigger: 100% of initial level
Capital Protection Barrier: 65% Final Level (European Style) Barrier
Trades by: 29 April 2024
Semi – Annual Classic Autocall
USD 12.20%pa / GBP 9.75%pa
This Note has the opportunity for an early maturity from 12 months if all of the underlying indices are at or above their initial levels. If the Note autocalls, clients will receive their invested capital back, plus a snowballing coupon for each semi-annual period that has elapsed.
USD: 12.20%pa (6.10% Semi-annually) gross
GBP: 9.75%pa (4.875% Semi-annually) gross
Underlying indices: Europe: Euro Stoxx 50 Index / Japan: Nikkei 225 Index / US: S&P 500 Index / Switzerland: SMI
Investment Term: 6 years (max)
Autocall Trigger: 100% of initial level
Capital Protection Barrier: 60% Final Level (European Style) Barrier
Trades by: 29 April 2024
Blue Chip Tech Income Note (#2)
10.50%pa (USD) / 10.00%pa (GBP)
This Income Note has the opportunity for an early maturity from 12 months. It features quarterly coupons which is payable when all of the underlying assets are at or above 60% of their initial levels. It also has a memory feature, so when a coupon is paid, it will include any previously missed coupons.
If on any of the quarterly observation dates from the end of year 1, that all of the underlying assets are at or above their initial levels, the Note will mature and clients will receive the invested capital back, plus income coupon payment.
Underlying companies: Alphabet Inc / Amazon Inc / Meta Platforms Inc / Microsoft Corp
Conditional Coupon: 10.50%pa (2.625% paid quarterly) – USD
Conditional Coupon: 10.00%pa (2.500% paid quarterly) – GBP
Investment Term: 5 years (max)
Autocall Frequency: Quarterly from 12 months
Autocall Trigger: 100% of initial level
Capital Protection Barrier: 60% Final Level (European Style) Barrier
Trades by: 29 April 2024
Prime Income Note (#13)
7.60%pa (USD) / 6.40%pa (GBP
This Note offers a potential coupon of up to 7.60%pa for each year held, if all of the indices are at or above 85% of their initial strike levels on any semi-annual observation date. The Note has a memory feature which means that when a coupon payment is made, it will also include any previously missed coupon payments.
The Note also has the potential to mature early if all of the indices are at or above their initial strike levels on the semi-annual observation dates, from year 1 onwards. If the Note Autocalls, investors get 100% of their invested capital back plus the coupon payment.
Underlying indices: S&P 500 index / Nikkei 225 index / Euro STOXX 50 index
Conditional Coupon: 7.60%pa (USD) / 6.40%pa (GBP)
Coupon Trigger Barrier: 85% of initial strike levels
Investment Term: 6 years (max)
Autocall Frequency: Semi-annual from end of year 1
Autocall Trigger: 100% of initial level
Capital Protection Barrier: 65% Final Level (European Style) Barrier
Trades by: 2 May 2024
100% Capital Protected Note on the S&P 500 Index (#5)
This 6 year fixed term investment offers a return of up to 130% participation in the quarterly averaged performance of the S&P 500 Index.
Guarantor: BNP Paribas (Aa3 / AA- / A+)
Underlying: S&P 500 Index (SPX)
Term: 6 years
Participation rate: 130% of the quarterly averaged performance of the S&P 500 Index (SPX)
Capital Protection: Minimum of 100% of capital returned at maturity **
** unless a Credit Event occurs with the issuer
Closing date: 10 May 2024
95% Capital Protected Autocall Note
8.00%pa (USD) / 7.30%pa (GBP)
Potential coupon of up to 8.00%pa for each year held, if the underlying indices are above their initial strike level on any semi-annual Observation Date from year 3 onwards.
Guarantor: Morgan Stanley B.V. (A1 / A+ / A-)
Underlying: S&P 500 Index, Nikkei 225 Index, Euro Stoxx 50 Index
Term: 6 years (max)
Conditional Coupon: 8.00%pa (USD) / 7.30%pa (GBP)
Autocall Observation: Semi-annual from year 3
Autocall Trigger: 100% of initial level
Capital Protection: Minimum of 95% of capital returned at maturity **
** unless a Credit Event occurs with the issuer
Closing date: 10 May 2024
85-60 Memory Income Autocall
8.00%pa (USD) / 7.25%pa (GBP)
This income based note has the opportunity for an early maturity from 12 months. It features a semi-annual coupons which is payable when all of the underlying indices are at or above 85% of their initials at any observation date. The memory feature means that whenever an income payment is made, it will include any payments that have previously been missed.
USD: 8.00%pa (4.00% Semi-Annually) gross
GBP: 7.25%pa (3.625% Semi-Annually) gross
Underlying indices: UK: FTSE 100 Index / Europe: Euro Stoxx 50 / Japan: Nikkei 225 / US: S&P 500
Autocall Trigger: 100% of initial level
Income Trigger: 85% of initial level
Investment Term: 6 years (max)
Capital Protection Barrier: 60% Final Level (European Style) Barrier
Trades by: 14 May 2024
** the commission rebate applies to all Structured Notes invested via Ethical Offshore Investments.
With our partnerships with various Structured Note providers, it is possible to create a bespoke Structured Note inline with an individuals personal investment return & risk tolerance requirements.
What are Structured Notes?
Structured products / notes are generally a type of fixed-term investment where the amount you earn depends on the performance of a specific market (such as the FTSE 100) or specific assets (such as shares in individual companies).
There are two main types of structured product:
- structured deposit
- structured investment
Some structured investments offer a degree of capital protection, while others do not. The income or growth is usually not guaranteed and you may get no return on your investment. Even where there is capital protection, the deduction of fees and charges could mean you could get less than you put in.
Structured deposits and structured investment products with some capital protection are often purchased by customers looking for alternatives to savings accounts and other deposit-based products.
However, these products often have complicated features that can make it difficult to understand the return you are likely get, including the risk of getting no return on your investment.
It is important that you take the time to understand and assess the product you’re thinking of buying before investing.
Complex products do not necessarily offer better returns than simpler ones, such as fixed-term deposits.
Courtesy of https://www.fca.org.uk/consumers/structured-products