Société Générale has launched a listed structured product designed for investors seeking higher returns than those from a savings account.
Traded on the London Stock Exchange, the FTSE Income Protection 3000 provides investors with a guaranteed fixed income of 1.7%. The firm believes the rate is roughly double that of interest receivable on a normal savings account a quarter per £1,000 certificate for the next 18 months. The guaranteed fixed income coupons are unaffected by movements in the FTSE 100 index. At maturity £1,000 per certificate will be fully repaid providing the FTSE 100 index never closes at or below the 3,000 level during the 18 month term. Quarterly fixed coupons will be paid regardless of any movem...
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