Walker Crips is marketing a new Super Defensive Dual Index Plan hedged by Santander, for UK retail investors.
The capital-at-risk product is linked to both the FTSE100 and the S&P500 indices and will mature early from its first anniversary, if both underlying indices are at or above their initial levels. However, the level required for early termination to occur begins at 100% of the start values and is reduced by 10% each year, meaning that at maturity there is a potential for 148% capital return subject to both indices closing above 50% of their initial levels.
Santander acts as counterparty on the plan which closes on 15 June 2012.
Walker Crips Structured Investments is currently marketing its Defensive Dual Index Plan - Issue Nine (Kick Out), linked to the FTSE100 and the S&P500. It is also serving as the counterparty provider for two other products being sold by Mattioli Woods: Global Brands Kick-Out Plan: May 2012 linked to a basket of shares comprising Tiffany, Estee Lauder, Burberry, Richemont and LVMH; and the Global Equity Income Plan - May 2012 which is also linked to a basket of shares featuring Apple, Barclays, British American Tobacco, BASF and Volkswagen.