Hilbert Investment Solutions is to launch a structured product series for income hungry investors targeted at financial advisers and wealth managers.
The move comes after the company placed its first multi-million pound tranche to UK private clients at the end of last month, with a second product now to be offered.
It is a FTSE-linked conditional income product that will pay out depending on market growth.
It aims to pay investors 1.75% on a quarterly basis providing that the closing level of the FTSE 100 has not fallen by more than 20%.
The product can mature early if the closing level of the FTSE 100 rises 12% above its opening level for any quarterly measurement from 20 December 2018.
If this happens, investors can expect both a coupon payment for the quarter, plus their original investment in full at this time.
The counterparty for the product is Citigroup Global Markets Funding Luxembourg, which is A+ rated by S&P Global Ratings.
Hilbert founder Steve Lamarque said: ‘I’m really pleased to announce the launch of ‘UK Conditional Quarterly Autocall Issue 2’, the second structured product in our income series. This product is well suited for those who are seeking regular income payments and given the success of our first issue I am confident that this product will be popular with our clients in the UK.’