RBS UK debuts accelerated tracker certificate
RBS has launched its first capital-protected listed certificate in its UK structured products range.
We expect to bring a lot more structured products to market going forward using this delivery mechanism, which brings the advantages of price transparency, secondary market liquidity and low-cost execution to the mass UK retail market, said David Lake, head of equity derivatives and structured products sales UK.
UK Accelerated Tracker is a five-year capped call-digital growth product linked to the FTSE100. At maturity, if the underlying index is above its strike level, the product repays capital plus 200% participation in the rise of the FTSE100, with a 190% cap. The product has 60% soft protection.
The certificate is listed on the London Stock Exchange, with real-time daily liquidity and an indicative 1% bid-ask spread in normal market conditions. It is subject to capital gains tax if held as a certificate. This product can now only be accessed through the secondary market. The initial offer period closed on 28 April.
This product will be available shortly in Recent Additions (UK).
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