Immeubles en verre - Produits structurés

Structured products are unlisted financial instruments designed and issued by major financial institutions. Their performance relies on predefined mechanisms that link returns to the evolution of one or more underlying assets, such as stock indices, equities, or interest rates.

These solutions can offer attractive yields within a clearly defined contractual framework, making them a relevant component of a diversified wealth allocation strategy — provided their structure and risk profile are fully understood.

How Structured Products Work

The performance of a structured product depends on one or more underlying assets (stock index, share, interest rate, etc.), according to scenarios defined in advance.

This predefined structure allows investors to anticipate various outcomes at maturity — or even during the life of the product — thanks to early redemption mechanisms known as autocall features.

One of the key advantages of conditionally capital-protected structured products lies in their flexibility. Most include a capital protection barrier, limiting the risk of loss under specific market conditions.

Before investing, it is essential to assess the core characteristics:

Investment horizon
Risk level
Early redemption conditions
Liquidity constraints
Tax treatment

Below are two structured products currently available, selected for their attractive yield/protection positioning.

Perspectives May 2025

Issuer: Goldman Sachs
Term: 2 to 12 years
Underlying: Euronext US Market Leaders 100 Decrement 50 Index
Gross Coupon: 2.5% per quarter (10% per year)
Observation Frequency: Quarterly, starting from year 2

Key Features

Early Redemption Barrier with Gain: 95% of the initial index level
Capital Protection Barrier: 50% of the initial index level
- In other words, an index decline of up to 50% does not result in capital loss at maturity
Memory Coupon Feature: Any unpaid coupons are fully recovered upon a subsequent early redemption

Example: If the product is redeemed in year 2, the investor may receive 20% cumulatively (10% per year).

This product targets investors seeking high yield potential combined with conditional capital protection within a clearly defined framework.

Rates May 2025

Issuer: Goldman Sachs
Maximum Term: 12 years
Underlying: 10-year CMS (Constant Maturity Swap rate)
(A financial benchmark rate commonly used in fixed-rate swap transactions.)

Annual Coupon: 7.00%
Autocall Barrier (from year 2): 2.25%
Coupon Barrier: 3%
Frequency: Annual observation, payment at maturity
Capital: Guaranteed at maturity

Investment Rationale

This structured product provides exposure to interest rates while offering an attractive yield and full capital protection at maturity. It may therefore be particularly suitable within a defensive wealth management strategy.

A Tool for Diversified Wealth Allocation

Structured products can serve as an alternative to traditional fixed-income or equity investments, offering predefined return scenarios and tailored risk management.

However, they remain complex instruments that require:

Clear understanding of market conditions
Alignment with investment objectives
Professional advisory support

When properly integrated into a diversified portfolio, they may offer compelling opportunities in the current market environment — combining yield optimization with controlled risk exposure.

Prenez directement rendez-vous sur : https://calendly.com/service-client-vgp/30min

Vaneau Gestion Privée
50 rue de Châteaudun, 75009 Paris
+33 1 45 03 80 95
service-client@vaneaugp.fr

*Ces informations sont fournies à titre informatif uniquement et ne constituent pas un conseil en investissement. Veuillez consulter un professionnel avant toute décision. Les investissements comportent des risques, y compris une perte en capital.

Structured Products of the Moment: Yields of up to 10%