| Causeway Securities FTSE 100 Fixed Monthly Income Plan – January 2023Potential Investment Return: The Causeway Securities FTSE 100 Fixed Monthly Income Plan – January 2023, issued by Morgan Stanley, offers a Fixed income of 0.5% paid monthly (6% per annum) over the 5-year term irrespective of the performance of the FTSE 100 Index. The first income payment made to the Plan Administrator will be 14 March 2023 and monthly thereafter.
Fixed Income Payment Dates: Monthly commencing 14 March 2023 and ending 14 February 2028. The full list of dates can be found on page 6 of the brochure.
Capital Protection Barrier: 65% of the Opening Level (observed on the Final Observation Date of the Plan only). If on the Final Observation Date, the Closing Level of the Underlying Asset is less than 65% of its Opening Level (representing a decline of more than 35% from the Opening Level), your Initial Capital will be lost at a rate of 1% for every 1% that the Final Level of the Underlying Asset is below its Opening Level.
Counterparty Risk: The Counterparty of the Securities is Morgan Stanley & Co International plc. If Morgan Stanley were to fail or become insolvent, you could lose some or all of your investment and any return that may be due, irrespective of the performance of the Underlying Asset.
Taxation: It is Causeway Securities’ understanding of current legislation and known HMRC practice that any investment return from a direct investment by individuals or Trusts into this Plan is expected to be subject to Income Tax. Investors should obtain their own tax advice.
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