Société Générale will start the week with a rollover opportunity as long as the FTSE100 index does not fall by 400 points today, as the bank's SG61 structured certificate listed on the London Stock Exchange (LSE) will reach its last observation date today - yielding 167.5% of initial capital after five years of investment.
The 50% downside-protected product, a five-year auto-call linked to the performance of the FTSE100, promised to mature early paying out 13.5% per annum per period elapsed if the underlying was above the 6,220.60 strike level on any of the annual observation dates. The SG61 failed to trigger four of its knockout events but it is now set to deliver the highest possible return as the FTSE100 index is currently trading above 6,000.
The French bank is currently marketing among UK investors the Step Down Autocall 13 (SG04), a six-year investment linked to a basket of FTSE100 shares comprising BHP Billiton, Royal Dutch Shell and HSBC. The product, which combines a knockout and worst -off option, will mature early on the first or second annual observation dates paying a 13% return if the levels of all the shares in the underlying basket are at or above their initial levels, decreased by 5% per each anniversary. From the third anniversary onwards the same condition applies, but with a decrease in the barrier level of 10% per each anniversary.
The Step Down Autocall 13 is listed on the LSE and will be open for subscription until 31 May. Minimum investment is £1,000.