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 5 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 for advice.
The closing level of the Index on 16 April 2025.
The closing level of the Index on 16 April 2031.
| Cash ISA | Equity ISA | Direct | ISA Transfer | SIPP ** | |
|---|---|---|---|---|---|
| Availability | No | Yes | Yes | Yes | Yes |
| Minimum Contribution* | N/A | £10,000 | £10,000 | £10,000 | £10,000 |
*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 interest payment will be paid gross and subject to UK income tax at the investor’s highest marginal rate.
Please note, tax rules and legislation are subject to change at any time.
Barrier Level: 35%
Downside: 1:1
Capital at Risk Barrier Type: End of Term only
If the investment fails to produce a gain, and the Final Index Levels of both indices are no more than 35% below their respective Initial Index Levels, investors' capital should be returned in full. However, if the Final Index Level of one or both indices is more than 35% below its respective Initial Index Level, investors will suffer a reduction to their invested capital of 1% for every 1% the Final Index Level of the worst performing index is below its respective Initial Index 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 3.64%.
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
| Event | Outcome | |
|---|---|---|
| Morgan Stanley default | = | Return of any capital subject to insolvency proceedings - potential total loss |
| If not | ||
| Regardless of the movement in the FTSE 100 and the S&P 500 Index | = | Monthly income of 0.51% gross is paid throughout the term |
| Event | Outcome | |
|---|---|---|
| Morgan Stanley default | = | Return of any capital subject to insolvency proceedings - potential total loss |
| If not | ||
| If at the end of the term the one or both of the indices are below their Initial Index Level, but by no more than 35% | = | Return of invested capital in addition to income outlined above |
| If not | ||
| If one of the indices are more than 35% 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.