The plan starts on the Start Date. On each Recallable Date, if the Counterparty decides to end the plan early, it will pay Growth equal to 2.575% of the money invested for every six months the plan has been in force. This is called a Recall. The first date this can happen is 2 years after the start date.
If the plan never Recalls and reaches the End Date, it will pay Growth equal to 30.90% of the money invested.
Customers will get all their invested money back when the plan ends, whether that be at the End Date or from a Recall on a Recallable Date.
The relevant dates and percentages are shown in the brochure. More detailed information on how, what and when the plan pays can be found in the “How does the plan make money?” and “Can the plan lose money?” sections of the brochure.
The Securities purchased will be Notes issued by Barclays Bank plc and can be viewed in a similar way to a loan to the Issuer.
It is possible that the Counterparty could collapse or fail to make the payments due from the Plan. If this happened, the investor would lose some, or all, of the money they invest in the Plan, as well as, any income payments to which they might otherwise have become entitled.
It is MB Structured Investment’s understanding that any growth payments from a direct investment by individuals or Trusts into this Plan are expected to be subject to Income Tax.
English law governed notes
Barclays Bank PLC (www.barx-is.com) Call +44 (0) 20 7116 9000 for more information.
The product is designed to provide repayment of the product notional amount on termination of the product. The product notional amount will be repaid either (a) on the maturity date or (b) if we exercise our option to terminate the product prior to the maturity date, on the relevant call payment date. The product has a fixed term and will terminate on the maturity date, unless terminated early
Early termination following a call: We have the right to terminate the product with at least 10 business days’ notice prior to each call payment date. In this case, the product will terminate and you will on such call payment date receive a cash payment equal to the applicable call payment. The relevant dates and call payments are shown in the table in the Key Information Document.
Termination on the maturity date: If the product has not terminated early, on the maturity date you will receive GBP 1.309.
Under the product terms, certain dates specified in the Key Information Document will be adjusted if the respective date is either not a business day or not a trading day (as applicable). Any adjustments may affect the return, if any, you receive.
The product terms also provide that if certain exceptional events occur (1) adjustments may be made to the product and/or (2) the issuer may terminate the product early. These events are specified in the product terms and principally relate to the product and the issuer. The return (if any) you receive on such early termination is likely to be different from the scenarios described above and may be less than the amount you invested.
When purchasing this product during its lifetime, the purchase price may include accrued interest on a pro rata basis.
The product is intended to be offered to retail investors who fulfil all of the criteria below:
1. they have basic knowledge and/or experience of investing in similar products which provide a similar market exposure and have the ability to understand the product and its possible risks and rewards, either independently or through professional advice;
2. they seek capital growth and/or full protection of the product notional amount, subject to the issuer’s ability to pay, expect the movement in the underlying to perform in a way that generates a positive return. They have a long investment horizon and understand that the product may terminate early;
3. they are not able to bear any loss of their initial investment, consistent with the redemption profile of the product at maturity (market risk);
4. they accept the risk that the issuer could fail to pay or perform its obligations under the product irrespective of the redemption profile of the product (credit risk);
5. they are willing to accept a level of risk of 1 out of 7 to achieve potential returns, which reflects the lowest risk (as shown in the summary risk indicator on the Key Information Document which takes into account both market risk and credit risk).
The product is not intended to be offered to retail clients who do not fulfil these criteria.
Print and complete our Appropriateness Assessment Form
Please read about ID Verification & Payment Details
Print and complete the application form
Send your documents to admin@moneyworld.com or post to: Moneyworld, 34 High Street, High Wycombe, Bucks, HP11 2AG
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 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.
Get in touch with the team.
Call us on 01494 443806
We’re here 9.00am - 5.30pm
Monday to Friday
Get in touch with the team.
Call us on 01494 443806
We’re here 9.00am - 5.30pm
Monday to Friday