Key info
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CounterpartyCredit Agricole
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TaxationCapital Gains
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Maximum Term7 years
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Minimum investment£10,000
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Potential Return7.00% p.a.
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Moneyworld Fee0.5%
Overview
The Mariana FTSE 100 Super Defensive Kick Out Plan is a maximum seven year investment that offers potential growth of 7.00% p.a. subject to the performance of the FTSE 100™ Index
This is a seven year, two week Plan based on the performance of the FTSE™ 100 Index, the Underlying Asset. The Plan is constructed to offer a Potential Return of 7.00% for each year the Plan runs with the possibility of early maturity and the full repayment of Initial Capital from the end of the Plan’s second year and annually thereafter. The Potential Return is only payable if the Plan kicks out.
Should the Closing Price of the Underlying Asset on an Observation Date be at or above the Kick Out Trigger Level, the Plan will mature early, repaying your Initial Capital plus the Potential Return multiplied by the number of years the Plan has run.
The Kick Out observations begin on the second anniversary date and continue on an annual basis until the Plan’s Maturity Date.
If the Plan has not already kicked out, Initial Capital will be repaid in full at the end of the Plan’s term if on the Maturity Date the Closing Price of the Underlying is not more than 35% below the Start Level.
If on the Maturity Date the Closing Price of the Underlying Asset is less than 65% of the Start Level (representing a decline of more than 35% from the Start Level), your Initial Capital will be lost at a rate of 1% for every 1% the Closing Price of the Underlying Asset is below the Start Level.
The Counterparty chosen for this Plan is Credit Agricole CIB. Credit Agricole CIB is also the issuer of the underlying investments that are purchased on your behalf with the money you have invested. The investments are constructed to generate the terms described in the brochure.
Important dates
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Closing date17 May 2024
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ISA Transfer Closing date30 April 2024
More information
The product is in the form of a debt instrument, governed by English law, which performance depends on the performance of an underlying reference value. The product bears a risk of losing some or all of the capital invested.
Crédit Agricole CIB
To receive a single payment on the Maturity Date or on any earlier Payment Date on which the product terminates in return for the risk of loss of capital. Amounts stated below are in respect of each Nominal Amount that you invest.
The amounts you will receive depend directly on the performance of the Underlying(s) and are determined by referencing the performance of Preference Shares which are directly linked to the Underlying(s). Therefore, for ease of explanation of the objectives of the product, the product is described in the key information document as being linked to the Underlying(s).
Autocall Event: If the Underlying Performance is greater than or equal to the relevant Autocall Barrier Level on any Autocall Valuation Date, the product will be redeemed early and you will receive, in addition to the Nominal Amount, an amount equal to the Bonus Amount plus the sum of all Bonus Amount(s) for any previous Payment Date(s) on the immediately following Payment Date. No further payments will be made following such payment and early redemption.
Redemption on the Maturity Date:
– Redemption Amount: If the product is not redeemed early, then you will receive one of the following:
If a Barrier Event has NOT occurred:
– If the Final Underlying Performance is greater than or equal to the last Autocall Barrier Level, you will receive, in addition to the Nominal Amount, the Bonus Amount plus the sum of all Interest Amount(s) for any previous Payment Date(s).
– If the Final Underlying Performance is lower than the last Autocall Barrier Level, you will receive the Nominal Amount.
Otherwise, you will receive an amount equal to the Nominal Amount diminished by an amount equal to the Nominal Amount multiplied by the Final Performance. The amount paid in such case will be less than the Nominal Amount and you may lose some or all of your capital.
Early redemption and adjustments
The terms of the product provide that if certain defined events, in addition to those described above, occur (principally but not exclusively in relation to any Underlying, or the Manufacturer of the product (which may include the discontinuation of the Manufacturer’s ability to carry out the necessary hedging transactions)), adjustments may be made to the terms of the product to account for the relevant event or the product may be early redeemed. The amount paid on any early redemption may be less than the amount originally invested.
This product is intended for clients who:
– have sufficient knowledge and experience in products such as the one described in the key information document
– are willing and able to bear a potentially total loss
– have a risk tolerance consistent with the summary risk indicator in the key information document
– are expressing a view on the underlying consistent with the conditions for a positive outcome (as stated in the product description)
– have a horizon consistent with the term of this product as determined independently or on the basis of professional advice.
How do i invest?
Online Applications
Click Apply Online and follow the onscreen instructions (this option is not available for ISA Transfers)
Email Applications – Print and complete our Appropriateness Assessment Form & the Application Form and email this to admin@moneyworld.com
Please read about ID Verification & Payment Details
Postal Applications – Print and complete our Appropriateness Assessment Form & the Application Form and post these along with any cheque’s to;
Moneyworld, 34 High Street, High Wycombe, Bucks, HP11 2AG.
What are the risks?
This is a list of the general risks associated with investing in structured investment products, please read the plan brochure and key information document for your chosen product to fully understand the risks.
Market Risk: In the event of a global economic recession this may result in financial markets weakening significantly. Political or climatic events can also cause disruption to the markets. Economic policies, tax rates or interest rates are subject to change and can influence the performance of the Underlying Asset.
Early Redemption Risk: The actual risk can vary significantly. If you cash in at an early stage you may get less Initial Capital back. You may not be able to sell your Plan easily or have to sell at a price that will impact how much return you get back.
Inflation Risk: The value of your investment and any returns you may qualify for are not linked to inflation. If inflation is high over the term of the Plan, the real value of the Plan may decrease thus affecting the real value of any returns you may receive.
Counterparty Risk: By investing in this Plan you take a possible credit risk with the Counterparty. The Counterparty will be responsible for the payment of any return of capital and income payments due from the Investment. In the event of bankruptcy or payment default by the Counterparty you may be exposed to partial or total loss of capital and you would not be entitled to compensation from the Financial Services Compensation Scheme (FSCS).
Liquidity Risk: The Issuer of the Securities aims to provide but cannot guarantee a secondary market for the Securities during the investment term. However, certain market circumstances may have a negative impact on the liquidity of the Securities and result in the partial or total loss of your initial capital invested.
Structured investment products FAQs
Structured Products are designed to be held to the end of the fixed term, it is possible to cash in the plan early however you could get back less than you originally invested.
Your application should be sent to us and not the Structured product provider, forms can be returned to admin@moneyworld.com or by post to – Moneyworld, 34 High Street, High Wycombe, Bucks, HP11 2AG. The application should arrive with us before the advertised closing date for your chosen plan.
The payment can be made by bank transfer direct to the plan manager or by cheque, details of where to send the funds or who the cheque should be made payable to are usually included on the application form for your chosen plan. If you’re still unsure then get in touch with us and we’ll provide details.
The company that you invest with will issue a cancellation notice once they have received and processed your application. This will give you 14 days in which to cancel the application if you decide not to proceed.
However if you cancel the plan after it has started it is possible that you will receive back less than your original investment, irrespective of whether you cancel within the 14 day period or not.
When the plan ends you will be contacted by the company that holds your investment and will usually be given the following options;
– Re-invest into a new product with the same company if they have one available at the time
– Request that they return the proceeds in full to you (any ISA funds returned will lose their ISA status)
– Re-invest part of the money into a new plan and encash the rest
– If the plan is held as an ISA you also have the option of transferring the funds to another company to retain the ISA status
There are a number of websites available that provide historical index levels, links to some of these are provided below;
Yahoo Finance
Investing.com
Bloomberg
If you require historical information for previous issues of the plan you are investing in then this can generally be found on the website of the company that administers the plan.
The fee can be paid direct to us or by specifying on the application form that the fee is to be deducted from your investment. If you prefer to pay us directly you can do this by cheque or bank transfer. If posting an application please either enclose a cheque payable to Moneyworld or indicate that the fee is to be paid directly and we will provide account details once we have processed your application.
If you’re emailing your form and haven’t indicated that the fee is to be deducted from the investment, we’ll assume you’re paying by bank transfer and will provide account details when we acknoweldge receipt of your application.
A Structured Product is a fixed term product which usually runs for between 2-10 years. The return of your original capital and any income/growth payments are usually dependant on the performance of either a basket of shares or more commonly a specific index such as the FTSE 100.
There are two types of Structured Products available:
♦ Investment based
♦ Deposit based
Investment based: At the end of the term, you receive the product return from the company that holds the investment plus a return of capital, providing certain criteria has been met.
The product is issued in association with a third party, known as a ‘counterparty’ who provide the returns and the guarantees. If this third party goes bankrupt, you could lose some or all of your money. This type of product does not benefit from Financial Services Compensation Scheme protection
Deposit based: Deposit based plans are similar to Structured Investment Products, however UK investors may benefit from the Financial Services Compensation Scheme’s (FSCS) deposit insurance scheme, subject to certain limits.
Sign up for structured product updates
Have a query?
Get in touch with the team.
Call us on 01494 443806
We’re here 9.00am - 5.30pm
Monday to Friday
Sign up for structured product updates
Have a query?
Get in touch with the team.
Call us on 01494 443806
We’re here 9.00am - 5.30pm
Monday to Friday