Societe Generale has unveiled a range of three structured products aimed exclusively at financial advisers.
The UK Four plans will be focused on six-year growth. Walker Crips Structured Investments will be plan manager. Counterparty risk will be diversified across Aviva, Lloyds TSB, Barclays and Royal Bank of Scotland.
All the products link their performance to the FTSE 100 and have the potential for early maturity at the end of years two, three, four or five prior to the six-year maximum maturity.
The SG Kick-out Plan has a target of 10 per cent, the SG Step Down Kick-out Plan a target of 7.5 per cent and the SG UK & US Step Down Kick-out Plan 9.25 per cent. The latter product is also linked to performance of the S&P 500.
Lowes Financial Management managing director Ian Lowes says: “The first thing that stands out are the headline rates, they look exceptional compared with others. They have collateralised their own credit risk and transferred it to four other banks via CDS market which is a key benefit.”