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 6, 8 and 9 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 levels of both indices on 25 April 2025.
The closing levels of both indices on 25 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 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: 35%
Downside: 1:1
Capital at Risk Barrier Type: End of Term only
If either Index is more than 35% below its respective Initial Index Level at maturity, no gain will be returned and investors' capital will be reduced in line with the percentage fall in the worst performing Index on a 1% for 1% basis.
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 3.54%.
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: £15 for any proceeds to be forwarded by same day transfer (CHAPS).
| Event | Outcome | |
|---|---|---|
| Morgan Stanley & Co. International Plc default | = | Return of any capital subject to insolvency proceedings - potential total loss |
| If not | ||
| If on any annual observation date both the FTSE 100 Index and S&P 500 Index close at, or above their Initial Index Levels | = | Return of invested capital plus a 10% gain for each year the plan has been in force |
| If not | ||
| If at the end of the term, one or both of the indices are lower than the Initial Index Levels but no more than 35% lower | = | Return of invested capital only |
| If not | ||
| As one or both of the indices are more than 35% lower | = | No gain is achieved and invested capital is reduced in line with the fall in the worst performing index 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.