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All investment involves risk and you could lose some or all of the money you invest.
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.
Potential for gross monthly income payments of 0.59%, provided both the FTSE 100 Index and Euro Stoxx 50 Index close no more than 30% below their respective Initial Index Levels on any monthly observation date. The plan will terminate early from year two onwards, if both the FTSE 100 Index and Euro Stoxx 50 Index close at or above their respective Initial Index Levels on any annual observation date.
Product Type:
Capital at Risk
Investment Type:
Contingent Income
Product Index Link:
FTSE 100 Index and EURO STOXX 50 Index
Potential FSCS Protection:
No
Capital at Risk Barrier Type:
End of Term only
Maximum Term:
7 years 3 weeks max
Barrier Level:
65% of Initial Index Level.
Downside:
1:1
Capital At Risk Barrier:
(Subject To Counterparty Solvency)
65% of Initial Index Level, observed at the end of the term.
Initial (Strike) Index Level >>
Important Dates:
Closing Date *
ISA Transfers
Strike Date
Maturity Date
16/04/2025
02/04/2025
18/04/2025
04/05/2032
Closing Date *
16/04/2025
ISA Transfers
02/04/2025
Strike Date
18/04/2025
Maturity Date
04/05/2032
Possible Early Maturity Dates:
19/04/2027
18/04/2028
18/04/2029
18/04/2030
18/04/2031
* The provider reserves the right to close the product/fund early.
Counterparty:
Canadian Imperial Bank of Commerce
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 seven-year and three-week structured investment aims to generate gross monthly income payments of 0.59%, which are dependent upon the performance of the FTSE 100 Index and Euro Stoxx 50 Index throughout the investment term. Income will be paid provided that on each of the monthly observation dates, the FTSE 100 Index and Euro Stoxx 50 Index close at a level no more than 30% below their respective Initial Index Levels. If on any monthly observation date one of the Indices close more than 30% below their initial level, no income payment will be made in respect of that period.
The plan will terminate early from year two onwards if on any annual observation date both the FTSE 100 Index and Euro Stoxx 50 Index close at or above their respective Initial Index Levels, in which case investors' original capital will be returned in full in addition to 0.59% income in respect of that month.
If the Final Index Level of at least one of the Indices is more than 35% below their respective Initial Index Levels, investors' capital will be reduced by 1% for every 1% the Final Index Level is below the Initial Index Level. For example, if the Final Index Levels are 10% up for one Index and 40% down for the other, investors will suffer a reduction to their capital of 40%.
Contract Details
Initial Index Level:
The closing level of the index on 18 April 2025.
Final Index Level:
The closing level of the index on 18 April 2032.
Cash ISA
Equity ISA
Direct
ISA Transfer
SIPP **
Availability
Minimum Contribution*
N/A
£5,000
£5,000
£5,000
£5,000
*Note that minimum contributions exclude any applicable adviser charges
**The investment may also be available through third party SIPP Providers
Tax Treatment if held outside Tax Shelter:
The product literature states that under current legislation income payments will be paid gross and subject to UK income tax at the investor's highest marginal rate, where held outside of a tax wrapper.
Please note, tax rules and legislation are subject to change at any time.
Capital At Risk Barrier (Subject To Counterparty Solvency)
Barrier Level: 65% of Initial Index Level.
Downside: 1:1
Capital at Risk Barrier Type: End of Term only
If the Final Index Level of at least one of the Indices is more than 35% below their respective Initial Index Levels, investors' capital will be reduced by 1% for every 1% the Final Index Level is below the Initial Index Level. For example, if the Final Index Levels are 10% up for one Index and 40% down for the other, investors will suffer a reduction to their capital of 40%.
Charges
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 total charges incorporated in the terms of the investment: Approximately 2.33%.
Note that prior to 1 June 2024 this figure in our database was provider charge only
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: £100+VAT
Early ISA Transfer: £100+VAT
Summary Table
Income
Event
Outcome
Canadian Imperial Bank of Commerce default
=
All payments will cease.
If not
If on each monthly observation date (unless an early maturity occurs) both the FTSE 100 Index and the Euro stoxx 50 Index close no more than 30% below their respective Initial Index Levels
=
0.59% monthly income payments received throughout the term
If not
If one or both of the Indices close more than 30% below their respective Initial Index Levels on at least one monthly observation date
=
0.59% monthly income will not be paid for periods when the indices closed more than 20% down
Income
Event
Outcome
Canadian Imperial Bank of Commerce default
=
Return of any capital subject to insolvency proceedings - potential total loss
If not
If on any annual observation date from the second year onwards, both the FTSE 100 Index and Euro stoxx 50 Index close at or above their respective Initial Index Levels
=
Return of invested capital in addition to income outlined above
If not
If at the end of the term both of the Indices close no more than 35% below their Initial Index Levels
=
Return of invested capital only
If not
As one or both of the Indices are more than 35% lower
=
Invested capital is reduced in line with the fall in the worst performing index at maturity
Fees
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.
Fee Calculator:
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 12 and 13 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
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Please read the plan literature carefully, paying particular attention to all risk warnings, to satisfy yourself that the investment is right for you. Like most investments, this type of plan puts your capital at risk and could result in you losing some, or, in extreme circumstances, such as the counterparty becoming insolvent, all of the money you invest. Such plans are designed for advised investors but this investment may be suitable for you if you understand and accept the risks to capital involved and are investing as part of a balanced and diversified portfolio.
If you choose to invest without a personal recommendation, the investment will be processed on a "Direct Offer" basis i.e. no advice having been sought or given. As a Financial Adviser will not have conducted a review of your financial affairs, we will not be in a position to assess the suitability of the investment for you. As a consequence, we cannot be held responsible or liable if you proceed and you subsequently feel that the investment is not suitable.
Lowes will not charge an ongoing fee or receive any annual commission in respect of this investment. 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.
We will use the information you have provided only to contact you in accordance to terms of this contact form and our privacy policy. We will not use your information for any other purposes as specified by this form unless legally necessary in the course of business. For more information view our Privacy Policy.
