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1290 - Conditional Income

Term Fixed
Return Income
Sector Non-Protected Income
Income Calculation The performance of the Underlying is measured on set dates during the term. If it meets a pre-specified condition (for example, if it closes at or above a certain level on that date), a fixed income payment is made to investors.
Capital Repayment Full repayment at maturity only if the Underlying meets certain pre-specified condition (for example, closing above a certain level (the 'protection barrier'). This can be measured throughout the term (sometimes referred to as an 'American' barrier) or at maturity only (sometimes referred to as an 'European' barrier), depending on the terms of the product. The repayment of capital will typically depend on how far the Underlying has fallen at maturity.
Investor Profile
  • Expects the Underlying to meet the specified condition set out for the income to be paid during the term of the product.
  • Does not expect the Underlying to breach the condition required to protect capital, but understands their capital is at risk if it does.
  • Has a moderate to high risk profile (willing to put capital at risk).
  • Requires an income from their investment.

1290 - Conditional Income

1290: How do they work?

UKSPA Product Code 1290 - Part 1

1290: Who might they be suitable for?

UKSPA Product Code 1290 - Part 2
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Representing the collective interests of leading structured product manufacturers in the UK

The UK Structured Products Association ('UKSPA') is a membership organisation established by the leading manufacturers of structured products in the UK. UKSPA provides a unified voice for its members, working with regulators, financial advisers and other trade bodies. It serves a number of important functions, including engaging with regulators, developing best practice guidelines, educating the investment community and providing a useful source of information for manufacturers, financial advisers and retail investors within the UK.

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