The short answer

JLIT's structured notes service gives investors in Thailand access to autocall and Phoenix notes in US dollars and pounds, arranged through Lawrence — a British expat in Thailand with more than 30 years in international finance. Recent notes pay 13.56% a year (USD autocall), 13.12% (GBP autocall) and 9.72–9.85% a year in quarterly income (Phoenix), linked to the S&P 500, Euro Stoxx 50 and Nikkei 225, with capital returned at maturity unless the worst index has fallen 30% or more. Coupons are conditional and every term is set out in writing before you invest. Lawrence explains each note, helps you choose the right one for your goals and currency, and keeps you up to date until it matures. The first conversation is free.

Notes available now

Examples of the notes Lawrence has arranged for clients over the last six months. New notes launch every month, and these are typical of the terms on offer right now.

Examples of notes arranged through Lawrence in the six months to October 2026. Terms are set when each note launches and change with markets; coupons are conditional on the index levels set out in each note. Capital is at risk if the worst-performing index has fallen 30% or more at maturity, and all payments depend on the issuing bank. Ask Lawrence for the notes available this month.

What the service is

JLIT's structured notes service is a straightforward, personal way for investors living in Thailand to access institutional-quality structured notes. Lawrence sources notes issued by major banks, explains how each one works in plain English, helps you decide which suits your goals and your currency, and stays in touch with you right through to maturity.

Everything is built around three things investors value most:

Clarity

Every note comes with a term sheet and key information document setting out the coupon, the observation dates, the indices, the protection level and the issuer. You know exactly what you're buying before you invest, and Lawrence walks you through every line.

Choice

New notes launch every month, in US dollars and pounds, with different terms, coupon styles and levels of protection. Whether you want the highest growth coupon, steady quarterly income or a particular currency, there is usually a note that fits — and if this month's isn't right, next month's may be.

Continuity

Lawrence keeps you informed at every observation date: whether a coupon has been paid, whether a note has autocalled, and what's available to reinvest in. Many clients build a series of notes over time, each one maturing at a different point.

The two types of note on offer

Autocall notes — for growth

An autocall note checks the three indices on set dates. If all three are at or above the required level, the note "calls" — it ends early and pays back your capital plus the coupon for every period it has run. If not, it carries on to the next date, and the coupon keeps building up. That's the "snowball": on today's US dollar autocall, the coupon builds at 3.39% a quarter, or 13.56% a year.

• Called after one year — capital plus 13.56%.
• Called after two years — capital plus 27.12%.
• Called after three years — capital plus 40.68%.
• Running the full five years — capital plus 67.80% if the conditions are met at maturity.

Autocalls suit investors who want a strong, defined return and are happy for the note to end whenever the conditions are met — often well before the full term.

Phoenix notes — for income

A Phoenix note pays a coupon every quarter, provided the indices are above the coupon level on that date. It has a "memory": if a coupon is missed because markets dip, it isn't lost — it's paid later, in full, on the next date the indices are back above the level. Today's US dollar Phoenix pays 2.43% a quarter (9.72% a year) for up to 60 months, and the sterling Phoenix pays 9.85% a year quarterly for up to four years.

Phoenix notes suit investors who want regular income — for example, to support living costs in Thailand. Our guide to autocallable notes explains both types in more detail.

How the protection works

All four notes share the same simple protection: your capital is returned in full at maturity unless the worst-performing of the three indices has fallen 30% or more from its starting level.

That gives a great deal of room. The markets can fall, recover, wobble and fall again during the life of the note — what matters is where the worst index stands at the end. If it's down 10%, 20% or even 29%, you still get your capital back in full. Only if it has fallen 30% or more at maturity is your capital reduced, in line with that index's fall.

It's worth understanding two more points, which apply to every structured note:

• The issuer — notes are issued by major banks, and every payment depends on the bank. Lawrence will tell you who issues each note and its credit rating.
• Holding to term — the protection applies at maturity. If you sell early, the price depends on markets at the time.

Our guide to capital protection explains this in detail, and our guide to issuer credit risk shows how to check the bank behind a note.

A strong track record

Autocall notes have one of the best track records of any investment type. The 2026 Autocall Structured Product Review by IDAD and Ian Lowes looked at every FTSE-linked autocall plan maturing in the UK between 2016 and 2025:

• More than 2,000 plans matured over the decade.
• An average return of 7.44% a year, over an average term of 2.3 years.
• 99.7% produced a positive return.
• None lost capital when held to term.
• In 2025, all 338 maturing plans returned capital plus profit — an average of 7.85% a year in under two years.

The market has grown with that success: UK structured product issuance rose from 355 products in 2020 to 866 in 2025, according to StructuredRetailProducts.com. And today's notes, at up to 13.56% a year, offer considerably more than the decade's average. Past performance isn't a guide to the future, but it shows how well-designed notes have rewarded investors.

Where to start

See the notes available this month — and move your money into dollars or pounds at a good rate.

How the service works, step by step

1. A free first conversation — by email, WhatsApp, LINE, phone or in person. Lawrence asks about your goals, your timescale, the currency you think in and how notes would fit alongside your other savings.
2. This month's notes — Lawrence shows you the notes available now and explains how each one works, in plain English.
3. The paperwork — you receive the term sheet and key information document for any note you're interested in, so you can read every detail before deciding.
4. Your choice — you decide which note, which currency and how much. There's never any pressure, and if this month's notes aren't right, there will be new ones next month.
5. Investing — Lawrence guides you through subscribing before the note's closing date and, if you need to convert currency, Vita Capital can help you get a good rate.
6. Through the term — Lawrence keeps you up to date at each observation date: coupons paid, autocalls and what's available to reinvest in.
7. At maturity or autocall — your capital and coupons are paid out, and you can take the money, bring it to Thailand or roll it into a new note.

Who the service suits

• Investors who want a defined return — knowing in advance what a note pays and when.
• Retirees seeking income — Phoenix notes paying a quarterly coupon to support life in Thailand.
• People with a lump sum — from a pension, a property sale or an inheritance, looking to put it to work.
• Investors with cash on deposit — who want more than bank interest from part of their savings.
• Those thinking in dollars or pounds — with notes available in both.
• Investors comfortable with a medium-term horizon — notes run for up to four or five years, though autocalls often end much sooner.

Notes work best as part of a wider portfolio, alongside cash for everyday needs and other investments. Lawrence will help you decide how much to put into notes and how many to hold.

US dollars or pounds?

Notes are available in both US dollars and pounds, with slightly different terms. Recently, the US dollar autocall paid 13.56% a year and the sterling autocall 13.12% a year.

Choose US dollars if…

• Your savings or income are already in dollars.
• You want the highest current coupon.
• You like the dollar as a global reserve currency.

Choose pounds if…

• Your pension, savings or future plans are in the UK.
• You may return to Britain, or have children at UK universities.
• You'd rather not convert currency at all.

Many clients hold both. And because coupons and maturities are paid in the note's currency, it's worth planning how you'll bring money into baht — a specialist like Vita Capital can make a real difference on larger sums.

Building a ladder of notes

Because new notes come out every month, many clients build a "ladder" — investing in several notes over time, rather than all at once. A ladder brings three big advantages:

• Different start dates — each note starts from a different market level, spreading your timing.
• Regular maturities — notes autocall or mature at different times, giving you money back at regular intervals.
• A mix of growth and income — autocalls for growth alongside Phoenix notes for quarterly income.

For example, an investor with US$300,000 might put US$100,000 into this month's US dollar autocall, US$100,000 into a Phoenix note for income and keep US$100,000 to invest in next month's notes or in sterling. Lawrence will help you plan a ladder that suits you. Our guide to liquidity and early exit explains how laddering keeps money flowing back to you.

What US$100,000 could earn

Using the terms of recent notes, here is what US$100,000 could earn, if each note's conditions are met:

USD 5-year autocall — 13.56% a year

The coupon builds at US$3,390 a quarter. If the note calls after one year, you receive US$113,560. After two years, US$127,120. After three years, US$140,680. If it runs the full five years and the conditions are met, US$167,800.

USD 5-year Phoenix — 9.72% a year

A coupon of US$2,430 every quarter — US$9,720 a year — paid when the indices are above the coupon level, with any missed coupons paid later through the memory feature. Your capital is returned at maturity unless the worst index has fallen 30% or more.

GBP 5-year autocall — 13.12% a year

On £100,000, the coupon builds at £3,280 a quarter, or £13,120 a year — £113,120 if the note calls after one year.

These figures are illustrations based on recent notes. Coupons are conditional on index levels, terms vary from note to note and payments depend on the issuing bank.

How notes fit your wealth

Structured notes sit comfortably at the heart of many portfolios, between cash and shares: a defined return, linked to the markets, with clear protection. Lawrence often helps clients combine them with:

• A cash reserve — for everyday living and emergencies.
• Diversified investments — for long-term growth and flexibility.
• Private equity — for eligible investors seeking long-term growth.
• Passion assets — such as whisky casks and art.

Our guides to private equity, whisky casks and art cover the other building blocks.

What happens when markets dip

One of the great strengths of a well-designed note is how it handles the ups and downs of the market. Markets rise and fall all the time, and notes are built with that in mind.

If the indices dip below the autocall level on an observation date, an autocall simply carries on — and the coupon keeps building, so when the note does call, it pays for every period it has run. On a Phoenix note, a missed quarterly coupon isn't lost: the memory feature pays it later, in full, as soon as the indices are back above the coupon level on a future date. And throughout, the protection only looks at the end: if the worst index is down by less than 30% at maturity, your capital comes back in full.

That's why patient investors who hold notes to their natural end have done so well over the past decade. Lawrence keeps you informed at every observation date, so you always know where each note stands.

Choosing the right note

Every note is different, and Lawrence will help you compare them. These are the questions that help you choose well:

1. Growth or income? — autocall for a building coupon, Phoenix for quarterly income.
2. Which currency? — dollars or pounds, matched to your plans.
3. Which indices? — today's notes use the S&P 500, Euro Stoxx 50 and Nikkei 225.
4. What protection level? — today's notes protect capital unless the worst index falls 30% or more.
5. Who is the issuer? — and what is its credit rating?
6. What is the term? — and when are the observation dates?
7. How does it fit your other investments? — and your ladder of notes?

Why expats in Thailand like notes

• Clear, written terms — easy to understand from anywhere in the world.
• Dollar and sterling options — matched to where your money and plans are.
• Quarterly income — Phoenix notes can help fund life in Thailand.
• Medium-term horizons — often shorter than people expect, as autocalls can end early.
• A local contact — Lawrence lives in Thailand and is available by email, WhatsApp, LINE and in person.
• Easy to plan around — known dates, known coupons, known protection.

Three real-world examples

These are illustrations, not real clients.

Charlotte, 56 — growth from a lump sum

Charlotte had US$150,000 from the sale of her UK flat sitting in a deposit account. With Lawrence, she put US$100,000 into a five-year US dollar autocall paying 13.56% a year and kept the rest in cash. If the note calls after its first year, she'll receive US$113,560 — and can roll into the latest note.

Robert, 61 — quarterly income in retirement

Robert wanted regular income to top up his pension in Chiang Mai. He chose a US dollar Phoenix note paying 2.43% a quarter. On US$200,000, that's US$4,860 a quarter when the conditions are met, which he converts to baht as he needs it.

Paul and Sue — a ladder in two currencies

Paul and Sue invest in a new note every few months: a sterling autocall for their UK plans, a dollar Phoenix for income and another dollar autocall for growth. Their notes mature at different times, so money comes back to them regularly.

Your getting-started checklist

• Decide whether you want growth, income or both.
• Choose your currency — dollars, pounds or both.
• Decide how much to put into notes, keeping a cash reserve.
• Ask Lawrence for this month's notes.
• Read the term sheet and key information document.
• Check the issuer and its credit rating.
• Plan your currency conversion.
• Think about building a ladder over time.

Getting in touch

The easiest way to start is the enquiry form on this page. Tell us a little about what you're looking for and Lawrence will come back to you, usually within one working day. You can also reach the team by email at enquiries@ExpatFAA.com, on WhatsApp at +66 95 636 1829 or on LINE at LAW007LU.

Prefer to hear about new notes as they launch? Join our mailing list and we'll send you the latest structured notes as they become available.

How we researched this guide

This profile uses the terms of structured notes arranged through Lawrence in the six months to October 2026; the 2026 Autocall Structured Product Review by IDAD and Ian Lowes, as reported by Professional Paraplanner (13 January 2026); and StructuredRetailProducts.com issuance figures (April 2026). Checked 14 October 2026. Coupons are conditional, capital is at risk if the worst index has fallen 30% or more at maturity, and all payments depend on the issuing bank. This guide is general information, not personal financial advice.