Ulster Bank Premier Brands Split Return Bond series 2

In words of one syllable, could someone explain to me how to make sense of this product offering.

Do not touch with a barge pole.

do not touch same type of split bond from a bank

sets out to fool you from your cash

should be banned


more here

Glad to see you kept to the rule of the first post. It can be hard to do. But you can do it if you try.

Like you, I don't like split bonds.