UK manager releases ultra-defensive callable structure

The UK firm has partnered with Société Générale to launch the Ultra Defensive Callable Supertracker Plan , the first single index callable plan offering 430% participation in the FTSE 100 index or 8% pa if the issuer calls the product early. The ultra-defensive feature comes in the form of 40% downside protection barrier, meaning that for capital to be at risk the FTSE 100 needs to fall by more than 60% at maturity. Even if the product is called, investors get 8% pa