Counterparty name withheld
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 11 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 for advice.
The closing level of the Index on 11 April 2025.
The closing level of the Index on 11 April 2035.
| Cash ISA | Equity ISA | Direct | ISA Transfer | SIPP ** | |
|---|---|---|---|---|---|
| Availability | No | Yes | Yes | Yes | Yes |
| 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
The product literature states that under current legislation any growth achieved by this investment at redemption, where held outside of a tax wrapper, 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%
Downside: 1:1
Capital at Risk Barrier Type: End of Term only
If the investment fails to mature early, and the final index level is at or above 50% of its initial level, investors' capital should be returned in full. However, if the final index level is more than 50% below its initial price, investors will suffer a reduction to their invested capital of 1% for every 1% the final index level is below its initial level.
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: Approximately 4.59%
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
Early ISA Transfer: £100
| Event | Outcome | |
|---|---|---|
| Citigroup Global Markets Ltd default | = | Return of any capital subject to insolvency proceedings - potential total loss |
| If not | ||
| If on any anniversary from the third year onwards the FTSE 100 EW45 Point Decrement Index closes at or above a reducing reference level (see description) | = | Return of invested capital plus an 8.35% gain for each year the plan has been in force |
| If not | ||
| If at the end of the term the Index closes below 65% of the Initial Index Level but is no less than 50% | = | Return of invested capital only |
| If not | ||
| As at the end of the term the Index is more than 50% lower | = | Invested capital is reduced in line with the fall in the Index |
Given that there is no commission built into the terms of this plan there will be no cash-back available. Where no advice has been sought or given we charge a fee for acting as intermediary for all investments, which is 1.65% of the amount invested. Please note that minimum investment limits exclude any applicable fees.