Up to six knockout structures marketed by Investec Structured Products maturing since the end of April have delivered returns of between 109% per annum and 122% per annum after one and two years of investment.
"Kickout plans have been incredibly popular over the past few years and not without good reason," said head of intermediary sales at Investec Structured Products, Gary Dale. "Historically, our deposit and investment kickout plans have all delivered competitive positive returns and all have matured early on either the first or second observation point. They are extremely simple for clients to understand and, at a time when the consumer press seems awash with bad news stories, it brings a welcome change to offer some positive news to customers."
The FTSE 100 Enhanced Kick-Out Plan 19 and the FTSE 100 Kick-Out Deposit Plan 19 matured on 26 April after two years of investment. The investment version of the product had two options which paid out 122% (Investec version) and 119.5% (UK5 version), respectively; while the deposit plan returned 110%.
The FTSE100 Enhanced Kick-out Plan 27 and FTSE100 6 Year Kick-out Plan 1 also matured early on 2 May. The two versions of the FTSE 100 Enhanced Kick-Out Plan 27 matured paying 113% (Investec version) and 111.5% (UK5 version), respectively; while the two versions of the FTSE100 6 Year Kick-out Plan 1 also reached early maturity paying 111.00% (Investec version) and 109.00% (UK5 version) after one year of investment.
Two other deposit products, the FTSE100 3 Year Deposit Plan 16 and FTSE 100 Kick-Out Deposit Plan 11, matured on 7 May with Plan 16 delivering 118% (Option 1) and 115% (Option 2), respectively; while option 2 of the FTSE 100 Kick-Out Deposit Plan 11 paid out 120.25% after two years.
Dale added that perhaps the consumer and trade press might start to reflect some of this positive news in forthcoming features.
Investec is currently marketing 14 structured products in the UK market.