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 will be subject to Income Tax rules applicable at that time, where held outside of a tax wrapper.
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 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 stock market 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: Approximately 4.23%.
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 | = | All payments will cease. |
| If not | ||
| If on each quarterly observation date (unless an early maturity occurs) the FTSE 100 Equally Weighted 45 Point Decrement Index closes no more than 20% below its Initial Index Level | = | 1.775% quarterly income payments, plus any rolled-over income payments that have not yet been paid, received throughout the term. |
| If not | ||
| If the Index closes more than 20% below its Initial Index Level on at least one quarterly observation date | = | 1.775% quarterly income will not be paid for periods when the index closed more than 20% down, but will be rolled over to the next observation date when the index is down by less than 20%. |
| Event | Outcome | |
|---|---|---|
| Citigroup Global Markets Ltd default | = | Return of any capital subject to insolvency proceedings - potential total loss |
| If not | ||
| If on any quarterly observation date from year two onwards, the Index closes no more than 5% below its Initial Index Level | = | Return of invested capital in addition to income outlined above |
| If not | ||
| If at the end of the term the Index is not down by more than 50% of its Initial Index Level | = | Return of invested capital. |
| If not | ||
| As the index is more than 50% lower | = | Invested capital is reduced in line with the fall in the index at maturity on a 1% for 1% basis |
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.