Hilbert FTSE 100 EWFD Quarterly Memory Autocall - Issue 1

Hilbert Investment Solutions

Hilbert FTSE 100 EWFD Quarterly Memory Autocall - Issue 1

The Hilbert FTSE 100 EWFD Quarterly Memory Autocall - Issue 1 plan is a maximum 10 year investment offering a potential income payment of 1.55% for each Quarterly Measurement Date that the Closing Level is at least equal to 80% of its Opening Level. However, the Plan will mature early from 8 December 2023 if certain criteria are met.

  • Potential return: 1.55 % income per quarter (6.20% p.a.)
  • Product type: Capital at Risk
  • Investment type: Income/Auto-Call
  • Closing Date: 7 December 2021
  • ISA Transfer: 1 December 2021
  • Start Date: 8 December 2021
  • Maturity Date: 22 December 2031
  • Market / index link: FTSE 100 EWFD
  • Counterparty: Citigroup Global Markets Ltd
  • Investment term: 10 -years
  • Kick-out / Early maturity: Yes
  • Barrier type: End of Term
  • Barrier level: 60%
  • Minimum Investment Amount: £5000
Important: The closing date for applications by cheque is 29 November 2021 and by bank transfer is 7 December 2021.
The closing date for ISA transfer applications is 1 December 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

Complete the form and we will email you the requested literature and instructions on how to invest.

Select the application form you require


How to Invest?

1 Firstly, print off and complete our Appropriate Assessment Questionnaire. All applications require two proofs of identity - see the questionnaire for more information.

2 Next download, print and complete the application form available. Note that product applications will have multiple documents, so please choose the one relevant to you.

3 Place all completed documents - questionnaire, proofs of identity, application form and cheques for payment - in an envelope and post to:

Best Price Financial Services,
The Tythe Barn, 5 Eglwys Nunnydd,
Margam, Neath Port Talbot
SA13 2PS

Further Information

This investment has a maximum term of 10 years, however, the plan will mature early from 8 December 2023 if certain criteria are met (see 'Early Maturity' below).

Income: You will receive an income payment of 1.55% for each Quarterly
Measurement Date that the Closing Level of the Underlying Asset is at least equal to 80% of its Opening Level. The income is paid gross. If the Closing Level of the Underlying Asset is below 80% of its Opening Level on a Quarterly Measurement Date, no income will be paid for that quarter. However the Memory Feature means
that any missed income payments are carried forward to future Quarterly Observation Dates together with the income payment due for that quarter. Once the Plan has matured, no further income will be paid.

Early Maturity: The Plan will mature early if the Closing Level of the Underlying
Asset is at least equal to 105% of its Opening Level on any Quarterly Measurement Date from 8th December 2023. If this happens, you will receive the income payment for that quarter, and the repayment of your original investment in full at this point.

Repayment of Your Investment if No Early Maturity: If the Final Level of any of the Underlying Assets is more than 40% below its Opening Level, you will receive back significantly less than your original investment. The amount of your investment you receive back will be reduced by the same percentage amount
that the worst performing Underlying Asset has fallen in value from the Start Date.

Quarterly Measurement Date: The first Quarterly Measurement Date will be on 8th March 2022. After that, the Quarterly Measurement Dates will be the 8th of June, September, December and March up to the Final Valuation Date. If a Quarterly Measurement Date falls on a non-Business Day, then the Closing Level of the Underlying Asset will be recorded on the next business day. The first Quarterly Measurement Date on which an early maturity could be triggered will be on 8th December 2023.

The Counterparty is Citigroup Global Markets Funding Luxembourg S.C.A. (‘Citigroup’).

Don’t forget the risks

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:

Market risk to potential returns

Whether or not a plan generates the potential returns for investors usually depends on the closing level of the relevant index on the relevant dates for the plan, i.e. the kick-out anniversary dates for kick-out products; the early maturity dates and end dates for growth products; the annual income dates for income products.

If the index closes below the level needed, for the plan or plan options chosen, on all of the relevant dates, the plan or plan options will not generate a return.

Market risk to repayment of money invested in 'Capital-at-Risk' plans

If the closing level of the relevant index is below the level needed on all of the kick-out anniversary dates or early maturity dates, if relevant for the plan or plan options chosen, and on the end date, repaying the money invested at maturity will usually depend on the closing level of the index on the end date..

Different structured products use different types of protection barriers. Some products use barriers that are observed every day that can therefore be breached on any day during the investment term, while some products use barriers that are only observed at the end of the investment term and that cannot therefore be breached during the investment term.

Market risk to the repayment of money invested on the end date will depend on the type of barrier and its level.

For example, for a product with an end of term barrier, set at 60% of the start level, if the index for the plan closes at or above 60% of the start level, on the end date, money invested will be repaid in full (less any agreed adviser fees and withdrawals). However, if on the end date the index closes below 60% of the start level, the amount of money repaid (less any agreed adviser fees and withdrawals) will be reduced by the amount that the index has fallen. For example, if the index has fallen by 45%, the repayment of money invested will be reduced by 45% (meaning that investors will get 55% of their investment back).

'Protected' types of structured products

Some structured product plans are designed so that they are 100% protected from stock market risk at the end date.

It is important to understand that even if a structured product plan is designed with 100% protection from stock market risk, at the end date, it will still usually have issuer and counterparty bank risk. In other words, both the potential returns of the plan and repaying the money invested at the end date will depend on the financial stability of the issuer and counterparty bank. If the issuer and counterparty bank become insolvent, or similar, or fail to be able to meet their obligations, it is likely that investors will receive back less than they invested.

Issuer and counterparty bank risk

Both the potential returns and repaying the money invested of most structured products depend on the financial stability of the issuer and counterparty bank. If the issuer and counterparty bank become insolvent, or similar, or fail to be able to meet their obligations, it is likely that investors will receive back less than they invested.

Financial Services Compensation Scheme ('FSCS') protection

It is important to understand that it is not usually possible to claim under the Financial Services Compensation Scheme if the issuer and counterparty bank fail to meet their obligations or if the stock market index that a plan links to falls.

Structured deposits

Structured deposit plans are deposit-based and will usually be fully protected from stock market risk at the end date and also benefit from the protection of the Financial Services Compensation Scheme, if the bank or building society is a licensed UK deposit taker.