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 1.00% Commission Rebate credit on investments made into the Structured Notes listed below **
Goldman Sachs Prime Markets
9.50%pa USD / 8.50%pa GBP
A maximum 6 year fixed term investment with the potential coupon of 9.50% 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: Goldman Sachs International.
Guarantor: Goldman Sachs Group (A1 / A+ / A+)
Underlying: FTSE MIB Index, Russell 2000 Index, Euro iStoxx 50 Futures Decrement 3% Index (SX5EFRD3), FTSE 100 Custom Synthetic 3.5% Index (SUKX35FD)
Term: 6 years (max)
Conditional (Memory) Coupon: USD 9.50% p.a. / GBP 8.50%p.a.
Autocall Observations: Semi-annual from end of year 1 onwards
Autocall Barrier: 100%
Protection Barrier: 65%
Closing date: 3 December 2021
Barclays Climate Autocall – 8.50%pa
Potential coupon of 8.50% for each year held, if the underlying asset is at or above 105% of its initial strike level on its first observation at end of year 1 and at or above 100% of its initial strike level on any annual observation date from year 2 onwards.
Issuer: Barclays Bank PLC (A1 / A / A+)
Underlying: Solactive Climate Change Europe BTI PR Index (SBTICCPE)
Term: 6 years (max)
Conditional (Memory) Coupon: USD 8.50% p.a.
Autocall Observations: Annual from end of year 1 onwards
Autocall Barrier: 105% of underlying index end of year 1, 100% of underlying index end of years 2 – 6
Protection Barrier: 70%
Closing date: 10 December 2021
Barclays Climate Change ESG – 95% Capital Protected Note
A 6 year fixed term investment which offers 95% capital protection at maturity plus 120.5% of the positive performance of the underlying index.
Issuer: Barclays Bank PLC (A1 / A / A+)
Underlying: Solactive Climate Change Europe BTI PR Index (SBTICCPE)
Term: 6 years (max)
Capital Protection: Minimum of 95% of capital returned at maturity
Investment Return: 120.5% of the performance of the SBTICCPE Index
Participation: 120.5%
Closing date: 26 November 2021
Morgan Stanley Classics Note 15
7.85%pa USD / 7.30%pa GBP
Potential coupon of up to 7.85%pa for each year held if the underlying assets are above their initial strike level on any semi-annual observation dates from year 1 onwards.
Issuer: Morgan Stanley B.V.
Guarantor: Morgan Stanley (A1 / A / BBB+)
Underlying: S&P / ASX 200 Index, Euro Stoxx 50 Index, S&P 500 Index
Term: 6 years (max)
Conditional (Memory) Coupon: USD 7.85% p.a. / GBP 7.30%p.a.
Autocall Observations: Semi-annual from end of year 1 onwards
Autocall Barrier: 100%
Protection Barrier: 70%
Closing date: 29 December 2021
Credit Agricole Tech Income Note 9
8.00%pa
Potential coupon of up to 8.00% for each year held if the underlying assets are above 78.50% of their initial strike level on any semi-annual coupon observation date from year one onwards.
Issuer: Credit Agricole CIB Financial Solutions
Guarantor: Credit Agricole Corporate & Investment Bank ( Aa3 / A+ / AA- )
Underlying: Alphabet Inc. Amazon.com Inc, Apple Inc, Netflix Inc.
Term: 5 years (max)
Conditional (Memory) Coupon: 8.00%p.a.
Coupon Observations: Semi annual at 78.50% of initial underlying strike price
Autocall Observations: Semi-annual from end of year 1 onwards
Autocall Barrier: 100%
Protection Barrier: 60%
Closing date: 30 November 2021
BBV A Global Enhanced Income 3
9.00%pa (USD) / 7.70%pa (GBP)
Potential coupon of up to 9.00% for each year held if the underlying assets are above 80% of their initial strike level on any semi-annual coupon observation date from year one onwards.
Issuer: BBVA Global Markets B.V.
Guarantor: Banco Bilbao Vizcaya Argentaria, S.A. (A3 / A- / A)
Underlying: Hang Seng Index, Nikkei 225 Index, FTSE MIB Index, iShares MSCI Brazil ETF
Term: 6 years (max)
Conditional (Memory) Coupon: 9.00%pa (USD) / 7.70%pa (GBP)
Coupon Observations: Semi-annual at 80% of initial strike price
Autocall Observations: Semi-annual from end of year 1 onwards
Autocall Barrier: 100%
Protection Barrier: 65%
Closing date: 10 December 2021
BBV A Quarterly Classic Note 4
15.60%pa (USD) / 13.20%pa (GBP)
Potential coupon of up to 15.60% for each year held if the underlying assets are above their initial strike level on any quarterly observation date from end of quarter two onwards.
Issuer: BBVA Global Markets B.V.
Guarantor: Banco Bilbao Vizcaya Argentaria, S.A. (A3 / A- / A)
Underlying: FTSE 100 Index, FTSE MIB Index, iShares MSCI Brazil ETF, Hang Seng Index
Term: 6 years (max)
Conditional (Memory) Coupon: 15.60%pa (USD) / 13.20%pa (GBP)
Autocall Observations: Quarterly from end of quarter 2
Autocall Barrier: 100%
Protection Barrier: 65%
Closing date: 10 December 2021
** the commission rebate applies to all Structured Notes invested via Ethical Offshore Investments.
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