FVC retrospective: RBS income product delivers on rising US market
Investors get 8% coupon as underlying index maintains year-on-year growth
Royal Bank of Scotland (RBS) previously issued a five-year capital-at-risk income product aimed at the US retail market. The product, which was linked to the performance of the S&P 500 index, provides a slightly different take on the usual income category, as it offers a coupon of either 1% or 8% per annum depending on the year-on-year change in the underlying index.
If, on any anniversary date, the level of the S&P 500 is equal to or greater than its level on the previous anniversary date, a
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