Mariana FTSE CSDI Defensive Income Kick Out Plan – March 2021
This is a capital at risk investment constructed to offer a Potential Income of 1.35% per quarter providing the Closing Price of the Underlying is at or above 80% of the Start Level on a quarterly Observation Date.
The closing date for ISA transfer applications is 8 February 2021.
Product Literature & Forms
You should always read the relevant plan brochure and any other plan documentation, for full details of the plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document ('KID'), that you should consider, before deciding to invest in the plan.
If you do not fully understand the risks or are unsure as to the suitability of the investment, please contact us
How to Invest?
Please note: This plan is available on an advised basis only. If you are interested in this plan, please telephone us on 01639 860111 to arrange a free consultation
1 Call for a free initial telephone consultation. If you wish to progress the process of the product purchase, the regulatory process of ‘advice’ must commence.
2 The completion of a financial review – which will confirm details of your income/capital and investment needs and experience
3 The completion of a risk profiler - which will help to measure your attitude to risk.
This process will enable ‘advice’ to be provided in relation to the suitability of the product to meet with your needs. The fee for this service and process is 1.5% (subject to a minimum fee of £300) for focused advice – which is focused and narrowed to the suitability of the structured product you want to purchase.
This is a ten year Plan based on the performance of the FTSE™ Custom 100 Synthetic 3.5% Dividend Index, the Underlying Asset. The Plan is constructed to offer a Potential Income of 1.35% per quarter providing the Closing Price of the Underlying is at or above 80% of the Start Level on a quarterly Observation Date. If the Closing Price of the Underlying is below 80% of the Start Level on a quarterly Observation Date, no income is paid for that quarter.
You will only receive the quarterly Potential Income if the income criteria is fulfilled on a quarterly Observation Date. To note, if, on every one of the quarterly Observation Dates the income criteria is not fulfilled, you will receive no Potential
Income throughout the term of the Plan
The Plan has the possibility to kick out on a quarterly basis from the end of year 2. Should the Closing Price of the Underlying be at or above 100% of the Start Level on any one of the kick out Observation Dates, the Plan will mature early paying the Potential Income for that quarter and returning Initial Capital in full. For the avoidance of doubt, if the Plan kicks out, no more Potential Income will be due.
If the Plan has not already kicked out, Initial Capital will be returned in full at the end of the Plan’s term if on the Maturity Date (05 March 2031) the Finish Level of the Underlying is not more than 35% below the Start Level.
You are at risk of losing your capital if the Closing Price of the Underlying is less than 65% of the Start Level (representing a decline of more than 35% from the Start Level), your Initial Capital will be lost at a rate of 1% for every 1% the Closing Price of the Underlying is below the Start Level.
All investments carry risk. It is identifying those risks, understanding how they may affect an investment and assessing whether an investment is suitable for your circumstances that is important.
The potential returns of most structured products and repaying the money invested are usually linked to the level of a stock market index and also depend on the financial stability of the issuer and counterparty bank. You should only consider investing if you understand and accept the risk of losing some or all of any money invested.
You should always read the relevant plan brochure and any other plan documentation, for full details of a plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document (‘KID’), that you should consider, before deciding to invest in a plan.
Structured products should only be considered as part of a diversified and balanced portfolio.
Below is a summary of some of the main risks usually associated with an investment in structured products plans: