Société Générale has unveiled the terms of its first structured retail investment for UK IFAs, which will be available exclusively via the new SP Go platform.
The six-year FTSE100 knockout will mature early paying an 8.3% gross annual return if the level of the underlying is above its strike level on any annual observation dates. It has a 50% downside barrier. As reported earlier, the product will be listed on the London Stock Exchange and will thus have intraday liquidity.
Soc Gen's head of listed products for UK and Northern Europe, Alexandre Houpert, said the bank will provide a full range of IFA products via the SP Go platform, which will offer tools to aid advisers with product selection, trading, analysis and ongoing monitoring. "We're aiming for a mix between what IFAs are used to and the huge benefits that come with exchange-traded transparency and liquidity," he said.
Société Générale's UK Autocall 14 will be open until 25 October. Capital protection is provided by Société Générale Acceptance. Minimum primary market orders are £1,000.
This product will be available shortly in Recent Additions (UK).