Walker Crips UK & US Kick-out Plan (MS079)

Overview:

Potential for a 10% gain for each year held, payable on any anniversary provided both the FTSE 100 Index and S&P 500 Index close at, or above their Initial Index Levels.

Product Type:

Capital at Risk

Investment Type:

Auto-Call / Kick-Out

Product Index Link:

FTSE 100 Index and S&P 500 Index

Potential FSCS Protection:

Capital at Risk Barrier Type:

End of Term only

Maximum Term:

6 years 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
05/04/2022	25/03/2022	14/04/2022	18/04/2028

Closing Date
05/04/2022

ISA Transfers
25/03/2022

Strike Date
14/04/2022

Maturity Date
18/04/2028

Possible Early Maturity Dates:

14/04/2023

15/04/2024

14/04/2025

14/04/2026

14/04/2027

Counterparty:

Morgan Stanley & Co. International plc

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.

A+

S&P Rating: A+

S&P Rating*

D R CC - CCC + - B + - BB + - BBB + - A + - AA + AAA

Fitch Rating*

Not rated by Fitch

Aa3

Moodys Rating: Aa3

Moody's Rating*

C Ca Caa B Ba Baa A Aa Aaa

3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1

Description

This maximum six-year plan features the potential to mature on any of the plan's anniversaries, returning the capital investment in full, plus a 10% gain for each year the plan has been in force. The plan will mature early in the event that both the FTSE 100 Index and S&P 500 Index close at, or above their respective Initial Index Levels on any anniversary.

If the plan fails to mature early and the Final Index Level of one or both indices is below its respective Initial Index Level, no gain will be returned; however, investors' capital should still be returned in full, unless the Final Index Level of at least one index is more than 35% below the Initial Index Level. If such a fall does occur then investors will suffer a reduction to their invested capital equal to the percentage the Final Index Level of the worst performing index is below its respective 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%.

This plan is available on an advice only basis. To invest in this plan, please do not hesitate to get in touch on 0191 281 8811 Lowes will not charge an ongoing fee or receive any annual commission in respect of this investment.

Contract Details

Initial Index Level:

The closing levels of both indices on 14 April 2022.

Final Index Level:

The closing levels of both indices on 18 April 2028. However this plan has matured early on 15 April 2024.

	Cash ISA	Equity ISA	Direct	ISA Transfer	SIPP **
Availability
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

Tax Treatment if held outside Tax Shelter:

The product literature states that under current legislation any growth achieved by this investment at redemption 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.

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 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.

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 1.14% of the invested capital.

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: £90

Early ISA Transfer: £90

Other Charges: £15 for any proceeds to be forwarded by same day transfer (CHAPS).

Summary Table

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
As one or both of the indices are lower than the Initial Index Levels but no more than 35% lower	=	Return of 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

Risks

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 via E-mail or Callback Request for advice.

Information

Questions?