Keydata offers kick-out for the first time

Keydata, the UK structured products distributor, has launched its first autocallable structured product. The five-year plan is linked to the FTSE 100 index and has 50% soft capital protection.

The Annual Kickout Plan will automatically redeem on its first anniversary paying a return of 13.5% provided that the FTSE 100 index is at or above its initial level at the product's inception. If the index is not at that level, the plan continues into its second year, when the payout will be 27% if the index meets the conditions. Subsequent payouts if the product does not redeem will be 40% in its third year, 54% in its fourth year and 67.5% in its final year.

If the index still does not meet