UK’s Jubilee releases UBS and BNP Paribas security-based offerings

Investment boutique Jubilee Financial Products has issued Early Redemption Plan Issue Eight and Real Growth Plan Issue Four.

The five-year Early Redemption Plan 8 invests in securities issued by BNP Paribas. It knocks out and pays a coupon of 9% for each year the plan is in force, on any annual anniversary on which the FTSE100 is at or above 104% of its initial level. Soft protection is set at 50%.

Jakob Bronebakk, a partner at Jubilee, said, "Kick-out plans are always popular. To take advantage of the FTSE volatility curve we have set the trigger level at 104% of its initial index level. This modest 4% rise in the index results in a pick-up of more than 10% in coupon."

The six-year Real Growth Plan 4 invests in securities issued by UBS. It pays the greater of the FTSE and UK RPI Inflation. Soft protection is also set at 50%.

CEO Adam Habib said, "Feedback from our previous launches of this plan shows that there is growing concern at the prospect of inflation and appetite for a product that provides protection."

Both products are available until 3 December.

Both products will be available shortly in Recent Additions (UK).