Lowes Magazine Issue 129

INVESTMENT

Structured product maturities The table shows the structured products most commonly held by Lowes clients, which matured in the final quarter of 2023. Twelve of those maturing products were designed in co-operation with Lowes, or exclusively for Lowes clients*.

Nine different banks (out of an available market of 10) were used as counterparties amongst the 16 products, offering investors a wide spread of counterparty risk. Lowes expertise in the structured product market enables us to work with a range of providers, enabling us to offer these exclusive products to our clients.

Counterparty

Maturity date 04/10/2023 04/10/2023 06/10/2023 16/10/2023 18/10/2023 30/10/2023 06/11/2023 07/11/2023 27/11/2023 30/11/2023 18/12/2023 18/12/2023 18/12/2023 18/12/2023 18/12/2023 20/12/2023

Term (years)

Gain (%)

Goldman Sachs Goldman Sachs

4 4 6 2 2 2 2 6 2 2 3 2 2 2 2 2

32.8

* * * * * * * * *

43.76

Natixis

42

Société Générale Goldman Sachs Morgan Stanley Credit Agricole

14 14

17.5

14

BNP Paribas

0

Société Générale

15 14 21

Citigroup

Morgan Stanley Morgan Stanley Morgan Stanley

15.6 14.3

Citigroup Citigroup

14

* * *

17.7 14.6

Credit Agricole

* Developed in cooperation with Lowes or exclusive for Lowes clients. Adviser and intermediation fees apply. All utilised FTSE 100 or its very close ‘cousin’ the FTSE CSDI as underlying measure and all outperformed the performance of the respective index.

Annual Performance Review 2023 Lowes’ annual report on the structured product market will be available shortly to download from Lowes.co.uk/spreview Produced by our investment team, the Structured Product Annual Performance Review will cover all products distributed via the intermediary market. It will provide valuable insight into how structured products performed overall in 2023, as well as detailing the performance

of ‘Preferred’ Plans selected by the Lowes Structured Products department. The report is the result of our dedicated structured products team monitoring the market throughout 2023. As recognised experts on the structured product market, our annual report is eagerly anticipated by investors and investment managers and analysts alike, who want to know more about the market and/or as part of their investment research.

Lowes.co.uk

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