Product snapshot: Callable products in the retail market

The latest version has a strike date of April 3 2019, is linked to the FTSE-100 and has a maximum maturity of seven-years. It is issued by Goldman Sachs and the distinguishing feature is that it is callable at the issuer’s discretion every three months from the end of the second year. If the issuer elects to call the product it will pay a coupon of 8% p.a. (simple accumulation) up to the time of calling. If no issuer call occurs, the product runs to its full maturity and pays full return o