The French structured product specialist has delivered an average yield of 12.95% pa since the introduction of the Gamme H Performance series in 2009.

Hedios has launched the 60th product in its Gamme H Performance series in France.

Issued on the paper of Goldman Sachs Finance Corp International, H Performance 60 offers access to the Euro iStoxx 50 Equal Weight NR Decrement 5% Index over a 12-year investment term. The product expires early if the index has increased by 10% or more compared to its initial price on any annual observation date (beginning 2 January 2026) for a payout of 100%, plus 14% per year elapsed.

At maturity, a European barrier of 70% applies while the potential overall maximum return is equal to 268% of the nominal invested.

At a market level considered low, we are tempted to play the rebound with a faster exit hypothesis, by betting on an upward trend in the market - Julien Vautel

The H Performance series aims for a high remuneration objective, 10% or more, while benefiting from [soft] capital protection at maturity, according to Julien Vautel (pictured), CEO, Hedios.

“We are continuously monitoring the financial markets,” Vautel told SRP.

“At a market level considered low, we are tempted to play the rebound with a faster exit hypothesis, by betting on an upward trend in the market,” said Vautel, adding that Hedios' structuring process focuses on the search for higher remuneration in the short term, speculating on a rapid early redemption that benefits from leverage.

“This approach has allowed us to deliver an average net yield of 12.95% per year since Gamme H Performance was launched in 2009,” he said.

The 12.95% pa performance is based on 46 already redeemed products (out of a total of 58) as of 31 October 2024, with an assumption of costs related to the investment framework of 0.60% per year, and before social security contributions and taxes. The average maturity is two years.

The underlying indices for Hedios’ products, in this case the Euro iStoxx 50 Equal Weight NR Decrement 5%, are mostly tracking large European companies that have demonstrated over recent decades that they can adapt and generally emerge stronger from stock market crises, according to Vautel.

“Their stock prices are still at levels significantly lower than the pre-crisis period of the Internet bubble in 2000, which suggests a future catch-up.

“These large European companies offer a certain visibility and respect a geographical and sectoral distribution. The choice of a reference index composed of numerous companies removes the risk on a single company or on a basket of shares of a few companies,” Vautel said.

Mandat Gammes H

Hedios’ approach is driven by strong convictions and consists of designing profitable solutions, while best managing the risks inherent in any search for performance.

Over the years, we have demonstrated real know-how in the design of our high-conviction investment solutions, always in line with market levels - Julien Vautel

“Over the years, we have demonstrated real know-how in the design of our high-conviction investment solutions, always in line with market levels,” said Vautel, who emphasized that the company manages the entire value chain, from design to offer through user-friendly and secure digital solutions.

“We were among the first players on the French market to offer this type of solution to individual investors.

“Today, we are continuing this momentum by innovating once again with our new offer: the Mandat Gammes H series. Always with the objective of growing our clients' capital, we are now offering them the possibility of fully delegating to us the management of their Gamme H series portfolio,” Vautel concluded.

The SRP France database lists 27 live structured products from Hedios worth and estimated €215m (US$227m), including 13 products from the H Performance series; six from the H Rendement series; five from the H Capital series; and three from the H Absolu series. Of these, BNP Paribas and Natixis have issued eight products each; six products were issued via Goldman Sachs; three via Citigroup Global Markets Funding Luxembourg; and two via Crédit Mutuel Arkéa.

H Performance 60 is open for subscription until 31 December 2024. Click the link to view the brochure and key information document (KID)

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