Defined income.
Targeted annualized income may be paid monthly or quarterly, subject to the terms of the selected note.
Income, on your terms
Income you can plan around. Capital you can monitor every day.
Contractual income on a selected cadence, with a defined maturity condition and independent daily pricing.
You set the cadence. You know the condition.
Defined risk.
Principal repayment depends on the stated index barrier at maturity and the creditworthiness of the issuer.
Daily pricing.
Individual CUSIPs receive independent daily marks and may be sold at the prevailing market value.
Held at your custodian. Visible in your account. Defined in writing.
Your income arrives on a rhythm.
-
Choose the cadence.
Monthly or quarterly payments can be considered against your spending and planning needs.
-
Stagger the maturities.
Multiple notes can mature at different times so principal returns on a rolling schedule.
-
Review and redeploy.
Each returning principal amount creates a new decision point rather than an automatic renewal.
Income spread across a schedule. Decisions returned to your hands.
The solution should fit your life.
The starting point is the role income needs to play, not a note already sitting on a shelf.
-
Define the need.
We clarify the income amount, timing, horizon, protection preference, and liquidity expectations.
-
Source the terms.
The First Principle desk compares available terms across its stated network of 18 global investment-grade banks.
-
Build the ladder.
Selected notes are scheduled so payments and maturities support the intended rhythm.
A repeatable process, built around a personal purpose.
Questions about liquid income
View all FAQsHow can an income schedule be tailored?
A portfolio can be designed around notes with different coupon schedules and maturity dates to target a monthly, quarterly, or other planned cash-flow rhythm. Actual payments depend on each note’s contractual terms, including any coupon conditions or call features. The proposed cadence must be evaluated with liquidity needs, reinvestment risk, taxes, and issuer exposure.
Does daily pricing mean I can always sell at par?
No. Daily pricing means each CUSIP receives a current market mark. A secondary sale remains subject to available buyers and the prevailing bid, which may be above or below the purchase price. Index levels, rates, volatility, remaining term, issuer credit, and market liquidity can all affect the amount received before maturity.
Defined income. Bounded risk. Daily pricing.
Explore an income schedule designed around the obligations and opportunities in your life.
~10%Targeted annualized yield
~50%Targeted downside barrier
DailyIndependent pricing
Income on your schedule. Terms within view.
Start the conversation