| Causeway Securities S&P 500 Kick-Out Plan – November 2022Potential Investment Return: A 9.2% return on Investment for each year the Plan runs (paid gross), is payable if the Plan Kicks-Out.
Kick-Out Barrier: The Plan will Kick-Out if the respective Closing Level of the Underlying Asset, on any Observation Date, is at or above 100% of its respective Opening Level. In this event an investor will receive their Initial Capital back, plus the Potential Investment Return of 9.2% for each year that the Plan has been in existence.
The first Observation Date on which an early maturity could be triggered will be 6th November 2023, one year after the Start Date.
If the Final Level is below its Opening Level, no Potential Investment Return will be payable at the Maturity Date.
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 Citigroup Global Markets Limited (“CGML”). If the Counterparty 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. |
