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 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 **

 


 

3 Year Triple Index Fixed Income

USD 7.00%pa / GBP 6.80%pa / EUR 5.30%pa

 

 

This income-based note will pay a fixed (guaranteed*) coupon on the quarterly payment dates, irrespective of the performance of the Underlying Assets. At the final Observation Date, if the Underlyings are at or above the Capital Protection Barrier, then full capital is returned. 

 

USD: 7.00%pa (paid quarterly) gross

GBP: 6.80%pa (paid quarterly) gross

EUR: 5.30%pa (paid quarterly) gross

 

Issuer: Barclays Bank PLC

Guarantor: Barclays Bank PLC (A1 / A / A+)

 

Underlyings – US: S&P 500 index / Japan: Nikkei 225 / UK: FTSE 100

Guaranteed* Income Coupon: 7.00%pa (USD) / 6.80%pa (GBP) / 5.30%pa (EUR)  *dependant on the usual counterparty risk

Investment Term: 3 years 

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

 

Trades by: 21 November 2023

 

> FIND OUT MORE <<

 

 


 

Enhanced Protection Classic Autocall

USD: 11.20%pa / GBP: 9.50%pa

 

 

This classic autocall has the opportunity for an early maturity from 12 months if all of the underlying indices are at or above their initial level. If the Note ‘autocalls’, clients will receive their invested capital back, plus a snowballing coupon for each quarterly period that has elapsed.

 

It also features a 60% Strike with Geared Put for the protection barrier, meaning the capital will be returned in full if the underlying’s are at or above the capital protection barrier (60%). Should any of the indices be below the threshold, then capital will be reduced on a 1.66-for-1 basis from 100%.

 

USD: 11.20%pa (2.80% quarterly) gross

GBP: 9.50%pa (2.375% quarterly) gross

 

Underlyings – US: S&P 500 index / Japan: Nikkei 225 index / Europe: Euro Stoxx 50 index / Australia: S&P ASX 200 index

 

Autocall Trigger: 100% of initial level

Investment Term: 6 years (max)

Capital Protection Barrier: 60% Strike with a Geared Put (at maturity)

 

Trades by: 23 November 2023

 

> FIND OUT MORE <<

 


 

100% Capital Protected Autocall Note 

USD 8.20%pa / GBP 8.00%pa

 

 

Potential coupon of up to 8.20% for each year held if the Underlying indices are above their initial strike level on any semi-annual Observation Date from year 3 onwards.

 

Issuer: Morgan Stanley B.V.

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

Underlying: S&P 500 Index, Nikkei 225 Index, Euro Stoxx 50 Index

Term:  6 years (max)

Conditional (Memory) Coupon:  8.20%pa (USD) / 8.00%pa (GBP)

Autocall Observations: Semi-annual from end of year 3

Autocall Barrier: 100%

Protection Barrier: 100% of capital returned at maturity *

* dependant on usual counterparty risk

 

Closing date: 24 November 2023

 

 

 


 

Prime Income Note

8.20%pa USD / 7.20%pa GBP  

 

 

Potential coupon of up to 8.20%pa for each year held if the underlying assets are above 85% of their initial strike level on any semi-annual coupon observation date, from end of year one onwards.

 

Issuer: BBVA Global Markets B.V.

Guarantor: Banco Bilbao Vizcaya Argentaria, S.A. (A3 / A- / A)

 

Underlying: Nasdaq 100 Index, Eurostoxx 50 Index, Nikkei 225 Index

Term:  6 years (max)

Conditional (Memory) Coupon: 8.20%pa (USD) / 7.20%pa (GBP)

Coupon Observations: Semi-annual at 85% of strike level

Autocall Observations: Semi-annual from end of year 1

Autocall Barrier: 100%

Protection Barrier: 65%

 

Closing date: 24 November 2023

 

 


 

70 – 60 Memory Income Autocall

USD 7.20%pa 

 

 

This income-based note has the opportunity for an early maturity from 12 months. It features semi-annual coupons which are payable when all of the underlying assets are at or above 70% of their initial level 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: 7.20%pa (3.60% semi-annually) gross

 

Underlyings – UK: FTSE 100 / Japan: Nikkei 225 index / Europe: Euro Stoxx 50 index

 

Autocall Trigger: 100% of initial level

Income Trigger: 70% of initial level

Investment Term: 6 years (max)

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

 

Trades by: 28 November 2023

 

> FIND OUT MORE <<

 

 


 

100% Capital Protected Autocall Note

GBP 9.40%pa / USD 10.00%pa

 

 

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.

 

GBP: 9.40%p.a. (4.70% Semi-annually) paid gross

USD: 10.00%p.a. (5.00% Semi-annually) paid gross

 

Underlying: Australian S&P ASX 200, Nikkei 225 Index, Euro Stoxx 50 Index

Term:  6 years (max)

Capital Protection Barrier: 100% Capital Protected at maturity *

* dependant on usual counterparty risk

 

Autocall Observations: Semi-annual from end of year 3

Autocall Trigger: 100%

 

Closing date: 28 November 2023

 

> FIND OUT MORE <<

 

 


 

 

S&P 500 – 100% Capital Protected Note

 

 

This 6 year fixed term investment offers up to 150% participation in the quarterly averaged performance of the S&P 500 Index

 

Issuer: Morgan Stanley B.V.

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

Underlying: S&P 500 Index

Term:  6 years

Participation: 150% of the quarterly averaged performance of the S&P 500 Index

Capital Protection*: Minimum of 100% of capital returned at maturity (* unless a Credit Event occurs with the Issuer)

 

Closing date: 12 December 2023

 

 

 


 

  – Fundsmith 95% Capital Protected Note

 

 

This 6 year fixed term investment offers up to 150% participation in the quarterly averaged performance of the Fundsmith Equity Fund SICAV T EUR Acc. This applies to US Dollar and GBP investors.

 

 

Issuer: Morgan Stanley B.V.

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

Underlying: Fundsmith Equity Fund Sicav T EUR Acc

Term:  6 years

Investment Return: 150% of the quarterly averaged performance of the underlying fund

Capital Protection : Minimum 95% of capital returned at maturity

 

Closing date: 12 December 2023

 

 


 

 


 

100% Capital Protected Autocall Note 

USD 8.00%pa / GBP 7.00%pa

 

 

Potential coupon of up to 8.00% for each year held if the Underlying indices are above their initial strike level on any semi-annual Observation Date from year 3 onwards.

 

Issuer: Goldman Sachs International, London

Guarantor: Goldman Sachs Group Inc (A2 / BBB+ / A)

Underlying: S&P 500 Index, Nikkei 225 Index, Euro Stoxx 50 Index

Term:  6 years (max)

Conditional (Memory) Coupon:  8.00%pa (USD) / 7.00%pa (GBP)

Autocall Observations: Semi-annual from end of year 3

Autocall Barrier: 100%

Protection Barrier: 100% of capital returned at maturity *

* dependant on usual counterparty risk

 

Closing date: 19 December 2023

 

 

 


 

Classic Autocall Note 

12.20%pa USD / 10.20% GBP

 

 

Potential coupon of up to 12.20%pa for each year held if the underlying assets are above their initial strike level on any semi-annual observation date, from end of year one onwards.

 

Issuer: BBVA Global Markets B.V.

Guarantor: Banco Bilbao Vizcaya Argentaria, S.A. (A3 / A- / A)

Underlying: S&P 500 Index, Eurostoxx 50 Index, Nikkei 225 Index

Term:  6 years (max)

Conditional (Memory) Coupon: 12.20%pa USD / 10.20%pa GBP

Autocall Observations: Semi-annual from end of year 1

Autocall Barrier: 100%

Protection Barrier: 65%

 

Closing date: 22 December 2023

 

 

 

 


** 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