Keydata, a U.K. investment product provider, has taken advantage of low implied volatility levels to offer investors 200% of the upside of the FTSE100 with capital protection. The six-year product uses a zero plus call option structure and Barclays Capital was the counterparty on the trade.
Roddi Vaughan-Thomas, head of marketing at Keydata in London, said it chose Barclays because it has worked with the firm on several successful deals in the past. The note, number 12 in the Dynamic Growth series, is the first Keydata has structured to offer twice the growth of the FTSE100 without a cap on the call option limiting maximum returns. The firm launched in 2001 and has raised over GBP600 million (USD1.09 billion) through structured investment products. Dynamic Growth 12 will close July 22.
