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Causeway Securities 3 Year Deposit Plan

  • Tuesday, January 31, 2023
Causeway Securities 3 Year

CAUSEWAY SECURITIES LAUNCH NEW 3 YEAR DEPOSIT PLAN ….
Causeway Securities 3 Year
We are writing to let you know that Causeway Securities have launched a new 3 Year Deposit Plan for March 2023:

S&P 500 3 Year Deposit Plan – March 2023

Option 1
The Plan, with Barclays as Deposit Taker, offers 18% return (6%pa) if at maturity the S&P 500 is equal to or above its start level. If the S&P 500 is below its start level at maturity, the Plan will return full capital. The Plan is covered by the Financial Services Compensation Scheme.

Option 2
The Plan, with Barclays as Deposit Taker, offers 15% return (5%pa) if at maturity the S&P 500 is equal to or above 90% of its start level. If the S&P 500 is below 90% of its start level at maturity, the Plan will return full capital. The Plan is covered by the Financial Services Compensation Scheme.
 
Key Dates:
ISA transfer deadline: 24th February 2023
Application form and monies deadline (including Direct Investment & ISA Subscriptions 2022/23): 10th March 2023
Start Date: 17th March 2023

A brief summary of the plan is detailed below.
Causeway Securities 3 Year
Causeway Securities S&P 500 3 Year Deposit Plan – March 2023

Potential Investment Return:

Option 1: The Potential Investment Return is 100% of Initial Capital plus a fixed gross interest payment of 18.0% of the money you invest at Maturity, if the Underlying Asset is equal to or above the Opening Level. If the Final Level is below its Opening Level, no growth payment will be payable at the Maturity Date.

Option 2: The Potential Investment Return is 100% of Initial Capital plus a fixed gross interest payment of 15.0% of the money you invest at Maturity, if the Underlying Asset is equal to or above 90% of the Opening Level. If the Final Level is below 90% of its Opening Level, no growth payment will be payable at the Maturity Date.

Capital Protection: 

Your Initial Capital will be returned in full at Maturity, regardless of the performance of the Underlying Asset. *Subject to Deposit Taker solvency

Deposit Taker: The Deposit Taker of the Securities is Barclays Bank Plc
Click here for more details on the Causeway Securities S&P 500 3 Year Deposit Plan – March 2023 (Option 1)
Click here for more details on the Causeway Securities S&P 500 3 Year Deposit Plan – March 2023 (Option 2)

About Barclays Bank Plc: Barclays Bank PLC, known as Barclays International, is the international and investment banking unit of Barclays PLC. The business encompasses Barclays’ corporate and investment banking businesses, its Global Barclaycard division, and the Private Bank & Overseas business. It also includes Head Office and Treasury functions. Clients include corporates, consumers, wealthy individuals, institutions, and governments. The company conducts much of its business through London and New York, the world’s leading finance centres. In 2018, Barclays PLC ring-fenced its UK retail and smaller corporate banking division as Barclays Bank UK PLC, leaving Barclays Bank PLC to handle its larger corporate, wholesale, and international banking clients.

Barclays has the following credit ratings from the major rating agencies: S&P A, Moody’s A1, Fitch A+. If you are unsure of the implications of the Deposit Taker Risk (see Risk section on page 9), your adviser will be able to discuss it in more detail.

Barclays Bank Plc is covered by the Financial Services Compensation Scheme (FSCS) – the UK’s deposit guarantee scheme. Your eligible deposits with Barclays Bank Plc are protected up to a total of £85,000 by the FSCS who can pay compensation to depositors if a bank is unable to meet its financial obligations. This limit, which applies to each individual depositor, applies to the aggregated amount of all deposits you may have with Barclays Bank Plc. This means that all eligible deposits at Barclays Bank Plc are added up in order to determine the coverage level. If your total deposits with Barclays Bank plc exceed £85,000 you would ordinarily only be covered up to £85,000. Please note that Barclays Bank Plc and Barclays Bank UK Plc are separate banks for the purposes of the FSCS, this means that they have separate £85,000 limits for eligible deposits. More information on the structure of the Barclays Group and the two banks is available at https://home.barclays/who-we-are/ring-fencing-explained/ and information on the scheme is available from the FSCS at www.fscs.org.uk or by emailing ICT@fscs.org.uk.
Don’t Forget the RisksAs with all forms of investment there are risks involved. These plans do not guarantee to repay the money invested. The potential returns of the plans and repaying the money invested are linked to the level of the stock market and also depend on the financial stability of the Issuer and Counterparty Bank.

Past performance is not a guide to future performance and may not be repeated.  Investment involves risk. The performance data does not take account of the commissions and costs incurred on the issue and redemption of shares. The value of investments and the income from them may go down as well as up and investors may not get back any of the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rate changes may cause the value of overseas investments to rise or fall.

The promotion of the plans does not constitute ‘advice’ to invest. Advice is always specific to an individual investor’s circumstances and needs, following the process of ‘know your customer’, with the aim of ensuring that any product is suitable for an investor.

As always, the recommendation and common sense approach is to consider product solutions as a portfolio, never over-exposing oneself to a point of financial pain and suffering liquidity or counterparty over exposure.

At the Best Price FS price point the Causeway Securities Plans are certainly worthy of consideration for inclusion within investment portfolios.

Warmest Regards.

Best Price FS Team
Advice: Simply click here to get in touch to receive regulated advice in relation to the ‘suitability’ of the plans to meet your investment needs.