The Dual Defensive Kick-Out – January 2012 plan offers a potential kick-out at the end of the first year if the underlying indices are equal to or above either 95% or 90% – the choice is down to the investor at outset – of their start values on its anniversary.
The 95% reference level offers a potential 11.3% at the end of year one, with the 90% level offering a potential 9.425%.
Adrian Neave, Managing Director of Gilliat Financial Solutions, says:
"We are continuing the multi-counterparty theme, this time combining two UK high street names [Barclays Bank and The Royal Bank of Scotland] that investors are familiar with. As volatility and interest rates have fallen away recently we consider the coupons available to be particularly attractive and expect to see these issues attract very strong interest.”
The closing date for the plan is 23 January.
