Keydata kicks out once more

Keydata, the UK structured products distributor, has launched two structured products designed to give exposure to the FTSE 100 index. The first, the five-year Annual Kick-out Plan Issue 2, will automatically redeem on its first anniversary paying out 9% provided that the FTSE 100 is at or above its initial level. If the index does not trigger the product to redeem then it will continue to run until it matures accumulating 9% on every anniversary.

If the index does not meet the conditions by maturity, but has not fallen by more than 50%, capital will be returned with no coupon. If the index falls below 50% at any time during the product's life and is still not above its starting level by maturity, then capital will be lost in line with the index.

The product will be open for subscription until July 3 for ISA transfers and July 24 for all other investors.

The second product, the Capital Protected Bonus Plan Issue 2, gives investors a 45%