Credit Suisse First Boston has launched two five-year protected products offering exposure to the 50...
Credit Suisse First Boston has launched two five-year protected products offering exposure to the 50 largest companies in either Europe or the world.
Global Titans and European Titans offer investors capital, annual income or quarterly income options and are open from 1 February to 8 April. The underlying structure of the products consists of five baskets of 10 stocks each.
The capital shares on European Titans offer 100% return of capital plus 55% growth at maturity.
The annual income shares offer 10% income plus return of capital, and the quarterly income shares offer 2.25% quarterly with return of capital on maturity.
All of these returns depend on the performance of the baskets of shares. Providing that, in the final year of the product, none of the shares in any basket falls by more than 33% from its starting price at launch, the full entitlements for that basket will be paid.
Should one basket fail, the capital shares will lose 11% of the final return. If it happened to each basket of shares, only capital would be returned.
On the annual income shares, such falls in any one basket would result in the loss of 10% of original capital at maturity. For the quarterly income shares, that drop would be 9%.
Contact 0800 328 1997.
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