Lehman Brothers launches second issue of Kick Out Performance Plan
Lehman Brothers has launched the second issue of its five-year Kick Out Performance Plan, with two options linked to the FTSE 100 index. One option offers an annual kick-out providing 14% and the other option offers a six-month kick-out, potentially delivering a 6% return for every six months the plan is active, with 11 six-monthly opportunities for early maturity.
“With Issue 2 of the Kick Out Performance Plan, we’ve been able to put out an even higher rate,” says Paul Adams head of sales for UK structured retail products at Lehman in London. “We are able to offer this exceptional rate because pricing has moved in our favour, led by the increased volatility in the FTSE Index in recent weeks.”
The plan differs from the first tranche, which offered 12% based on the FTSE, while the second option was based on both the FTSE 100 and Xinhua indexes. “The problem
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