Australian bank Macquarie has launched its first two capital protected notes in its Macquarie Oppenheim platform for German investors.
Europe Index-Floater and Capital Protected Note with Cap are both six-year capital-guaranteed growth strategies linked to the Eurostoxx50. The floater pays a 4% annualised return in the first year and a variable coupon in following years depending on the performance of the underlying, while the Capital Protected Note has a simple bond plus call spread strategy, paying 100% of the underlying performance with a 150% cap.
Rupertus Rothenhäuser, head of European sales and public distribution at Macquarie's structured products and exotics business, which recently integrated the structured products capacity of Sal Oppenheim, told SRP that capital protected notes represent one of the most demanded and widely distributed products in the German retail derivatives arena. "[Capital protected notes] will be an integral part of our future product offering in Europe, especially in Germany," he said.
Both products were launched in Germany's primary market on Monday.
Both notes will be listed in Frankfurt and Stuttgart's stock exchanges and will be available for subscription until 24 September. Minimum investment is €100.
These products are available in Recent Additions (Germany and Austria).