National Australia Bank has partnered with UBS to launch a product offering volatility-based exposure to Australian equities and global infrastructure companies. Last month, it partnered with Citi on NAB Market Select Fund.
The four tranches of NAB Restart Units are six-year capital-protected investments linked to the S&P/ASX 200 Daily Risk Control 12% Excess Return Index (Series 1 & 3) and the S&P Global Infrastructure Daily Risk Control 10% Excess Return Index (Series 2 & 4). At maturity the products repay initial capital plus 85% (indicative) participation in the growth of the index. UBS will provide the assets, while National Australia Bank will provide the guarantee.
As previously reported by SRP, the S&P/ASX 200 Daily Risk Control 12% Excess Return Index is a new index developed specifically for UBS for use in its structured products.
Minimum investment is A$25,000 ($26,600). The offer closes on 24 June (Series 1 & 2) and 29 July (Series 3 & 4).
This product appears in Recent Additions (Australia).