The information given in this product review has been taken from the product terms and conditions, brochure, and other literature available from the product provider. No guarantee can be made to the accuracy of the information. You should therefore satisfy yourself as to the full terms and risks of any investment by reference to the relevant materials provided by the product provider. Please request these documents using the buttons on the left of the page.
Please Note: This product closed for investment on 09/10/2015
50% of Initial Index Level.
50% of Initial Index Level, observed at the end of the term.
Please Note: The investment returns and the return of capital are dependent upon the counterparty meeting their obligations on time and in full. If the counterparty fails to meet their obligations you could lose some or all of your capital.
The credit ratings provided below can be a useful way to compare the credit risk associated with different Counterparties or Deposit Takers. Credit ratings are assigned by independent companies known as ratings agencies.
This maximum six-year plan features the potential to mature on any of the plan's anniversaries from year two onwards, provided that the FTSE 100 Index closes at a level equal to, or higher than the Initial Index Level, returning the capital investment in full, plus an 8.5% gain on the invested capital for each year the plan has been in force.
If the plan fails to mature early and the Final Index Level is below the Initial Index Level, no gain will be achieved; however, investors' capital should still be returned in full, unless the Final Index Level is more than 50% below the Initial Index Level. If such a fall does occur, the invested capital will be reduced by 1% for every 1% the Final Index Level is below the Initial Index Level. For example, if the plan fails to mature early and the Final Index Level is 55% below the Initial Index Level, investors will suffer a 55% reduction to their invested capital.
Please note the closing date for Stocks & Shares ISA transfers is 18 September 2015 and for Cash ISA transfers is 25 September 2015.
Please note that we have negotiated special terms with Walker Crips. Applications through CompareStructuredProducts.com will be subject to a minimum investment amount of £5,000, rather than the usual £10,000 limit. Lowes will not charge an ongoing fee or receive any annual commission in respect of this investment. Our fee for acting as intermediary for this investment, processed by CompareStructuredProducts.com and where no advice has been sought or given is 1.65% of the amount invested. For investments over £100,000 please contact us for preferential fees.
The closing level of the Index on 16 October 2015.
The closing level of the Index on 18 October 2021. However this plan matured on 16 October 2017.
*Note that minimum contributions exclude any applicable adviser charges
**The investment may also be available through third party SIPP Providers
The product literature states that under current legislation any growth achieved by this investment at redemption will be subject to Capital Gains Tax rules applicable at that time.
Please note, tax rules and legislation are subject to change at any time.
Barrier Level: 50% of Initial Index Level.
Capital at Risk Barrier Type: End of Term only
If the investment fails to produce a gain, it still aims to return investors' capital in full at maturity, unless the Final Index Level is more than 50% below the Initial Index Level. If such a stockmarket fall occurs, investors' capital will be reduced in line with the percentage fall in the Index.
Unless stated otherwise charges do not affect the amount being invested as they have been taken into account in the terms of the investment. So, for every £100 invested, the return, provided the investment is held until maturity, should be £100, plus or minus the gain or loss in accordance with the defined terms. Separate fees may be payable to your adviser, platform or stockbroker for arranging this investment.
The initial charge incorporated in the terms of the investment: Not expected to exceed 1.5% of the invested capital.
If surrendered early, the value will be dependent on a number of factors and may be less than the original amount invested. In the event of early surrender the provider may levy an administration fee which will be deducted from the surrender proceeds as follows:
Early Surrender: £90
Early ISA Transfer: £90
Other Charges: £30 to value an investor's holding for Probate; £15 for any proceeds to be forwarded by same day transfer (CHAPS) or no charge for standard electronic transfers (BACS) or cheque.
|Goldman Sachs International default
|Return of any capital subject to insolvency proceedings - potential total loss
|If on any annual observation date from year 2 onwards the FTSE 100 Index closes at or above its Initial Index Level
|Return of invested capital plus an 8.5% gain for each year the plan has been in force.
|If at the end of the term the Index is no more than 50% below its Initial Index Level
|Return of invested capital only
|As the Index is more than 50% lower
|Invested capital is reduced in line with the fall in the Index on a 1% for 1% basis
Our opinion has been reached following an assessment of this and other current plans available at the time of publishing and on balance, this is one of our 'Preferred' plans. Please note, however, plans may lose their 'Preferred' status if an alternative plan becomes available which, in our opinion, has more attractive terms.
It must be appreciated that it is very possible that none of the investments featured on this site are suitable for you and so the 'Preferred' status or lack of it should not be construed as advice or a recommendation to invest. You should always ensure that you read the product literature carefully to satisfy yourself as to the terms and the risks of any investment before proceeding.
We feel that the 8.5% coupon offered by the Walker Crips Annual Growth Plan Issue 35 (Kick-out) is a potentially attractive return in the context of its risks. The 50% barrier observed at maturity could be considered to be relatively low risk while the plan’s exposure to Goldman Sachs as counterparty is potentially beneficial as they are a strong counterparty who back only a few plans available on the market. On balance, we feel that this plan could be considered for use in a diversified portfolio.Read our Review
If you have any questions about any investment featured on the site, please call 0191 281 8811 or click here to submit a query.
We would welcome the opportunity to talk to you about your investment needs. This web site is operated by Lowes Financial Management Ltd who have been Independent Financial Advisers since 1971. If you have any doubts about the suitability of an investment for you, and would like to speak to an adviser from Lowes Financial Management, please call 0191 281 8811 or click here to request a Call Back.
Where no advice has been sought or given, our fee for acting as intermediary for this investment is 1.65% of the amount invested, capped at £2,000. For example, on an investment of £25,000 our fee would be £412.50 and for an investment of £125,000 it would be £2,000.
Please enter the value of your investment below to calculate the fee payable.
All investment involves risk and you could lose some or all of the money you invest.
It is imperative that you read the plan brochure and terms and conditions and understand all of the risks involved, which are outlined on page 6, 10 and 12 of the brochure, prior to proceeding. If you do not fully understand the risks, the commitment or you are unsure as to the suitability of the investment for you, you should not proceed but instead contact us via E-mail or Callback Request for advice.