James Hay structured product links to UK banking stocks

James Hay is to launch a capital protected Selected UK Banking plan that links to four of the UK's le...

James Hay is to launch a capital protected Selected UK Banking plan that links to four of the UK’s leading banking stocks. The early maturity possibilities in years one to four offer growth of 13%, 26%, 39% and 52% respectively, plus original capital. James Hay said recent falls in the values of banks’ shares have led to banks restructuring to deal with the new economic environment. While it is not known whether the shares will return to their previous levels, the current values mean banks are good value, offering decent tax-free returns over the longer term within the sector. The pr...