Swiss Life has launched its first structured product for retail life assurance clients in Switzerland.
Swiss Leader Index is a ten-year life contract. It is the first life-wrapped product to be linked to the Swiss Leader Index, a recently-launched blue-chip index of 30 stocks from the Swiss stock exchange (SWX).
Investors can choose between a minimum capital return of 80%, 100% or 105%, with a corresponding participation in the underlying index. The product also features a lock-in or ‘ladder’ mechanism.
“Swiss Life Index is innovative,” commented head of markets and products at Swiss Life Urs Arbter. “This product offers a high degree of transparency, allowing our clients to profit from positive stock-market performance more than is usually the case while simultaneously preserving capital from risk of loss.”
The product is open for subscription until 2 November.
Full details appear in Recent Additions (Switzerland).
