Structured Notes

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 ethical business management standards.

 

** All clients of Ethical Offshore Investments will receive a minimum 1% Commission Rebate credit on investments made into the Structured Notes listed below **

 


 

Semi-Annual Classic Autocall

14.50%pa (USD) / 12.80%pa (GBP)

 

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: 14.50%pa (7.25% Semi-annually) gross

GBP: 12.80%pa (6.40% Semi-annually) gross

 

Underlying indices: Switzerland: SMI / Europe: Euro Stoxx 50 index / Japan: Nikkei 225 index / US: S&P 500 index

 

Autocall Trigger: 100% of initial level

Autocall Observation: Semi-annual from end of year 1

Investment Term: 6 years (max)

Capital Protection Barrier: 60% Final Level (European Style) Barrier

 

Trades by: 3 December 2024

 

> FIND OUT MORE <<

 

 


 

85 – 60 Memory Income Autocall

10.00%pa (USD) / 9.10%pa (GBP) / 7.20%pa(EUR)

 

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: 10.00%pa (5.00% Semi-Annually) gross

GBP: 9.10%pa (4.55% Semi-Annually) gross

EUR: 7.20%pa (3.60% Semi-Annually) gross

 

Underlying indices: Italy: FTSE MIB Index / Europe: Euro Stoxx 50 / Japan: Nikkei 225 / US: S&P 500

 

Autocall Trigger: 100% of initial level

Autocall Observation: Semi-annual from end of year 1

Income Trigger: 85% of initial level

Income Observation: Semi-annual

Investment Term: 6 years (max)

Capital Protection Barrier: 60% Final Level (European Style) Barrier

 

Trades by: 9 December 2024

 

> FIND OUT MORE <<

 

 


 

 

3 Year Fixed Income

7.00%pa (USD) / 6.50%pa (GBP) 

 

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: 7.00%pa (1.75% paid quarterly) gross

GBP: 6.50%pa (1.625% paid quarterly) gross

 

Underlying indices: Japan: Nikkei 225 Index / Europe: Euro Stoxx 50 Index / US: Russell 2000

 

Investment Term: 3 years

Capital Protection Barrier: 65% Final Level (European Style) Barrier

 

Trades by: 10 December 2024

 

> FIND OUT MORE <<

 

 


 

 

85 – 65 Memory Income Autocall

8.00%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.

 

GBP: 8.00%pa (4.00% Semi-Annually) gross

 

Underlying indices:  Europe: Euro Stoxx 50 / Japan: Nikkei 225 / US: Russell 2000

 

Autocall Trigger: 100% of initial level

Autocall Observation: Semi-annual from end of year 1

Income Trigger: 85% of initial level

Income Observation: Semi-annual

Investment Term: 6 years (max)

Capital Protection Barrier: 65% Final Level (European Style) Barrier

 

Trades by: 10 December 2024

 

> FIND OUT MORE <<

 

 


85 / 65 Memory Income Autocall

8.00%pa (USD) / 7.40%pa  (GBP)

 

 

 

This income based note has the opportunity for an early maturity from 24 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: 7.40%pa (3.70% Semi-Annually) gross

 

Underlying indices: US: Russell 2000 / Europe: Euro Stoxx 50 / Japan: Nikkei 225 

 

Autocall Trigger: 100% of initial level

Autocall Observation: Semi-annual from end of year 2

Income Trigger: 85% of initial level

Income Observation: Semi-annual

Investment Term: 6 years (max)

Capital Protection Barrier: 65% Final Level (European Style) Barrier

 

Trades by: 13 December 2024

 

 

 


 

6 Year Global Markets Quarterly Autocall with Memory

8.75%pa (USD) / 8.25%pa  (GBP)

 

 

 

This income based note has the opportunity for an early maturity from 24 months. It features a quarterly coupons which is payable when all of the underlying indices are at or above 90% 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: 8.75%pa (2.1875% paid quarterly) gross

GBP: 8.25%pa (2.0625% paid quarterly) gross

 

Underlying indices: Swiss: SMI / Europe: Euro Stoxx 50 / Japan: Nikkei 225 / US: Russell 2000

 

Autocall Trigger: 100% of initial level

Autocall Observation: Quarterly from end of year 2

Income Trigger: 90% of initial level

Income Observation: Quarterly

Investment Term: 6 years (max)

Capital Protection Barrier: 65% Final Level (European Style) Barrier

 

Trades by: 13 December 2024

 

 

 


 

 

US Tech Early Low Hurdle Autocall

23.00%pa

 

This growth based Note has the opportunity for an early maturity from 6 months. The underlying basket is observed daily between the strike date and the 3rd observation at month 12. If the underlyings have not fallen by more than 40% at any point, then the autocall barrier will change to 60% and the Note will mature early (a Glider Barrier).

 

If the Glider Barrier is breached, then the Glider feature will not come into effect and the autocall barrier will remain at 95% throughout. If on any quarterly observation dates from Observation 4, all of the underlyings are at or above the 95% Autocall Trigger, the investment will autocall. 

 

USD: 23.00%pa (5.75% Quarterly) gross

 

Underlying indices: Amazon Inc / Microsoft Corp / Tesla Inc / Nvidia Corp

 

Autocall Trigger: 95% of initial level with a 60% Glider Barrier at month 12

Autocall Observation: Quarterly from end of quarter 2

Investment Term: 4 years (max)

Capital Protection Barrier: 50% Final Level (European Style) Barrier

 

Trades by: 15 December 2024

 

> FIND OUT MORE <<

 

 


 

100% Capital Protected Autocall

8.50%pa (USD) / 8.40%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 this Note autocalls, clients will receive their invested capital back, plus a snowballing coupon for each semi-annual period that has elapsed. 

 

Guarantor: Morgan Stanley (Moody A1 / S&P A1 / Fitch A+)

 

USD: 8.50%pa (4.25% Semi-annually) gross

GBP: 8.40%pa (4.20% Semi-annually) gross

 

Underlying: Australia: S&P ASX 200 / Italy: FTSE MIB / Japan: Nikkei 225

Term: 6 years (max)

Autocall Observation: Semi-annually from end of year 3

Autocall Trigger: 100% of initial levels

Capital Protection: Minimum of 100% of capital returned at maturity **

** unless a Credit Event occurs with the issuer 

 

Closing date: 19 December 2024

 

> FIND OUT MORE <<

 

 


 

100% Capital Protected 

S&P 500 Index

 

 

This capital protected growth participation Note gives investors peace of mind that their invested capital will be protected, even in falling market conditions. This Note takes the quarterly averaged performance of the S&P 500 Index, throughout out the full six-year term, to determine performance.

 

At the final observation date, should the averaged performance of the underlying index be positive, investors will receive an enhanced participation in the positive performance of 124%. For example, if the averaged performance is +40% at maturity, investors will receive a coupon of 49.6%, in addition to their invested capital.

 

Guarantor: BNP Paribas (Aa3 / AA- / A+)

Underlying: US: S&P 500 Index

Term: 6 years

Participation Rate: 124% of the quarterly averaged performance

Capital Protection: Minimum of 100% of capital returned at maturity **

** unless a Credit Event occurs with the issuer 

 

Closing date: 20 December 2024

 

 

 


 

 

Prime Income Note #3 

8.00%pa USD / 7.60%pa GBP

 

This Note offers a potential coupon of up to 8.00%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: Nasdaq 100 index / Nikkei 225 index / Euro STOXX 50 index

 

Conditional Coupon: 8.00%pa (USD) / 7.60%pa (GBP)

Coupon Trigger Barrier: 85% of initial strike levels

Coupon Observation: Semi-annual

Investment Term: 6 years (max)

Autocall Trigger: 100% of initial level

Autocall Observation: Semi-annual from end of year 1

Capital Protection Barrier: 65% Final Level (European Style) Barrier

 

Trades by: 20 December 2024

 

 

 


 

 

Global Markets Income Note (#5)

9.00%pa (USD) / 8.90%pa (GBP)

 

This Income type Note has the the potential to provide a coupon payment of up to 9.00%pa if at the semi-annual observation dates, the underlying indices are at or above 85% of their initial levels.

 

The Note has a memory feature which means that anytime an income coupon is paid, it will also include any previously misses coupons. This is a 6 year maximum term Note, but has the opportunity to mature (auto-call) early on a semi-annual basis from the end of year 2, if all of the underlying indices are at or above 100% of their initial levels.

 

At the final observation date, if the underlying’s are at or above the Capital Protection Barrier (65% of initial level), then full capital is returned. 

 

Guarantor: Morgan Stanley (A1 / A+ / A-)

Underlying indices: Nikkei 225 Index / FTSE MIB Index / Russell 2000 Index

 

Conditional Coupon: 9.00%pa (USD) / 8.90%pa (GBP)

Income Coupon Barrier: 85% of initial level

Income Observation: Semi-annually

Auto-call observation: Semi-annual from the end of year 2

Auto-call Barrier: 100% of initial level

Investment Term: 6 years (max)

Capital Protection Barrier: 65% Final Level (European Style) Barrier

 

Trades by: 20 December 2024

 

 

 


 

Classic Autocall Note (#23)

11.40%pa (USD) 

 

This Note offers a potential coupon of up to 11.40%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 index, Nikkei 225 index, S&P 500 index

 

Conditional Coupon: 11.40%pa USD 

 

Autocall Trigger: 100% of initial level

Autocall Observation: Semi-annual from end of year 1

Investment Term: 6 years (max)

Capital Protection Barrier: 65% Final Level (European Style) Barrier

 

Trades by: 20 December 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 NotesStructured 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