Insight prepares first structured product launch

Insight Investment is looking to launch its first structured product on 19 May offering a maximum 85% return on capital after six years. The plan provides five times the growth in the index over this period, up to a maximum 70% return but will provide a further 15% bonus if the FTSE has doubled. This means for the Accelerated Investment Plan to produce a 70% return to investors, the index has to produce a total return of 14% over six years, 5% for every 1% increase in the index. If the index is up 50% by the product's third anniversary, the bond will mature early, returning initial...