03/07/2024
Friday will mark the 20th anniversary since the first autocallable (kick-out) structured product maturity – the Premier Asset Management FTSE 100 Growth Plan. Commencing in July 2003 the first autocall was designed to follow the below structure:
After one year the FTSE was almost 400 points higher than its initial recorded level, triggering early maturity, return of investors’ original capital and a gain of 8%.
Premier Asset Management’s FTSE 100 Growth Plan is understood to be the first autocall issued globally and sparked an important trend for the UK retail investment market where it wasn’t long before the autocall became the sectors’ most favoured structure, with over 4500 autocalls issued since 2003 - accounting for over 50% of all issuance.
Autocalls come in various guises in terms of underlyings, call trigger levels and frequency, capital protection barriers, maximum terms, etc.
As for performance, autocalls have multiple potential maturity dates meaning that very few run for their maximum possible duration and as such, very few mature without gains. From over 3000 autocall maturities (most of which were linked solely to the FTSE 100 or FTSE CSDI indices), the average annualised return is 7.57% over an average duration of 2.43 years. Capital at risk autocalls realised average annualised returns of 7.79% over average term of 2.37 years.
Whichever way you look at them, autocalls can offer a multitude of solutions to meet investors objectives in their wealth management and have been incredibly successful at delivering successful outcomes.
StructuredProductReview.com have a free guide on autocalls and their two-decade evolution in the UK market, click here to read the guide.
Structured investments put capital at risk.
Past performance is not indicative of future results.
Also in this section
- Maturities of the month - August 2024
- Right on time
- Product focus - August 2024
- Keep calm and zoom out
- 2,000 and counting
- Q2 2024 maturity results
- 20 years of autocall maturities
- Product focus - June 2024
- Fixed income or interest?
- Maturities of the month - May 2024
- The barrier debate - revisited
- Product focus - April 2024
- Maturities of the month - April 2024
- Time to call
- I don't believe markets are ever too high for Structured products!
- Notes on counterparty exposure
- Return of Nikkei
- Q1 2024 issuance
- Q1 2024 maturity results
- Structured Products – AAAAAGH!
- Hop in CIBC
- Re-enter Santander
- How to build a financial fortune - revisited
- Issuance in 2023
- Where's the risk?
- Questionable offerings
- Challenging the case against structured products - 'Loss of dividends'
- Navigating the investment landscape
- Challenging the case against structured products - Counterparty risk
- 6-year autocalls approaching final destination
- 1,750 FTSE capital at risk autocall maturities
- The leopard that changed her spots
- Q3 2023
- Challenging the case against structured products - Keydata
- Dilemmas for UK IFA's and the unique role of Structured Products
- 'High charges'
- Precipice bonds
- Intro
- FTSE 100 Contingent Income
- Indexing the indices
- Something different
- Investing through volatility
- 100 10:10s
- The best or worst?
- The 10%/25% 'Rule' that never was
- Structured products and the yield curve
- Fixed income: Capital at risk?
- Prospects for UK inflation - and fun with A.I!
- The Barrier Debate
- More Deposits for now
- Last of the Americans
- What if?
- Time heals all wounds, we hope...
- How to diversify portfolios using structured products?
- The Proof Is In The Pudding...
- Debunking Structured Misconceptions
- 1,500 FTSE Capital-at-Risk Autocall Maturities
- Q3 2022 Maturity Results
- What do we prefer?
- Deposits vs Capital ‘Protected’
- There’s time yet…
- Where did you invest your clients?
- A Six-Month Reflection
- Return of the Rev Con
- Happy 2nd Birthday FTSE CSDI
- Q2 2022 Maturity Results
- The best and worst yet still the best
- Critique my Suitability - Mariana 10:10 Plan June 2022 (Option 2)
- 10/10 for 55 10:10’s
- Q1 2022 Maturity Results
- 'How to build a financial fortune': a follow up
- Critique my Suitability - Mariana 10:10 Plan April 2022 (Option 2)
- 2021 Capital-at-Risk Autocall Maturity Review
- An unwelcome return...
- CSDI's First Birthday
- Bon Anniversaire
- Introducing the FTSE Custom 100 Synthetic 3.5% Fixed Dividend Index
- Q3 2021 Maturity Results
- Critique my Suitability - Mariana 10:10 Plan October 2021 (Option 2)
- Blurring the lines...
- Beware of false knowledge; it is more dangerous than ignorance
- Good news, bad news...
- Certainty is Certainly a Benefit
- Critique my Suitability - Mariana 10:10 Plan September 2021 (Option 2)
- A Twenty-Year Progression
- Q2 2021 Maturity Results
- Nine 8:8s Post Positive Returns in Falling Markets
- Critique my Suitability
- Q1 2021 Maturity Results
- Morgan Stanley’s Marvelous Maturity Medley
![giraffe icon](/images/spr-giraffe-icon.png)
Current Products
We review the UK's retail structured investment sector, providing pertinent support for Professional Advisers and relevant research tools.
View all ⟶