Arcus 6Y US Defensive Step-Down Kickout Deposit Plan – (BB10)

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The Arcus 6Y US Defensive Step-Down Kickout Deposit Plan is a maximum 6 year investment which offers potential growth payments of 6.10% a year, dependent on the performance of the S&P 500 Index.

The potential interest

There are several opportunities during the term of the Plan for you to receive an interest payment, depending on the performance of the US stock market –  specifically the S&P 500 Index (SPX) Index (the ‘S&P 500′).

There are set dates during the investment term (‘Early Maturity Dates’) where you might receive an interest payment. The first Early Maturity Date is three years after the Start Date.

If the S&P 500 closes at or above a specific level on an Early Maturity Date, the Plan will mature early (sometimes known as a ‘kick out’). See the diagram on page 7 for  details of these levels, which are different for each possible Early Maturity Date. If this  happens you will receive your Amount Invested plus an interest payment that is equal  to 6.10% of the value of your Amount Invested for each year that has passed since the Start Date, and the Plan will automatically close.

If on the Final Maturity Date there has been no early maturity and the closing level of  the S&P 500 is less than 80% of its closing level on the Start Date (its ‘Start Level’),  you will receive no interest payment.

The repayment of your Deposit

If the Plan matures early on one of the Early Maturity Dates, you will be repaid your  Amount Invested in full at this time.

If the Plan does not mature early, you will be repaid your Amount Invested in full after  the Final Maturity Date, even if the S&P 500 has fallen.

Barclays Bank PLC is the ‘Deposit Taker’, meaning it is responsible for providing the  Deposit which the Plan will purchase in order to provide the returns of the Plan to you.

Other Key Information

English law governed deposit

Barclays Bank PLC ( The PRIIP manufacturer is also the product issuer. Call +44 (0) 20 7116 9000 for more information.

The product is designed to provide a return in the form of (1) conditional coupon  payments and (2) a cash payment on termination of the product. The product has a  fixed term and will terminate on the maturity date, unless terminated early.

Early termination following an autocall: The product will terminate prior to the  maturity date if, on any autocall observation date, the reference level is at or above the relevant autocall barrier level. On any such early termination, you will on the  immediately following autocall payment date receive, in addition to any final coupon  payment, a cash payment equal to the autocall payment of GBP 1. No coupon  payments will be made on any date after such autocall payment date. The relevant  dates and autocall barrier levels are shown in the table(s) on the key information document.

Coupon: If the product has not terminated early, on each coupon payment date you  will receive the applicable coupon payment if the reference level is at or above the  relevant coupon barrier level on the immediately preceding coupon observation date. If this condition is not met, you will receive no coupon payment on such coupon payment date. The relevant dates, coupon barrier levels and coupon payments are shown in the table(s) on 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.

Under the product terms, certain dates specified above and below 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 deposit taker may terminate the product  early. These events are specified in the deposit terms and principally relate to the  underlying, the product and the deposit taker. 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 coupon on a pro rata basis.

For display purposes numbers within this document have been cut off at 4 decimal places.

The product is intended to be offered to retail investors who fulfil all of the criteria below:

1. they have the ability to make an informed investment decision through sufficient  knowledge and understanding of the product and its specific risks and rewards, either  independently or through professional advice, and they may have experience of  investing in and/or holding a number of similar products providing a similar market  exposure;

2. they seek capital growth and/or full protection of the deposited amount, subject to  the deposit taker’s ability to pay, expect the movement in the underlying to perform in a way that generates a favourable return, have an investment horizon of the  recommended holding period specified below and understand that the product may  terminate early;

3. they accept the risk that the deposit taker could fail to pay or perform its obligations  under the product but otherwise they are not able to bear any loss of  their investment;  and

4. they are willing to accept a level of risk to achieve potential  returns that is  consistent with the summary risk indicator shown below.

The product is not intended to be offered to retail clients who do not fulfil these criteria.

To gain a full understanding of this Plan it is important that you read the Plan Brochure and Key Information Document carefully, including the product risks and terms and conditions. If you are unsure about any aspect of this investment product, please seek financial advice to ensure the Plan suits your requirements and overall investment planning.

Moneyworld does not offer investment advice. The information in this brochure does not constitute tax, legal or investment advice. Please read our terms of business before investing

How do I invest?

Online Applications – Click Apply Online and follow the onscreen instructions (this option is not available for ISA Transfers)

Email Applications – Complete the Appropriateness Assessment Form and Application Form and email this to

Postal Applications – Print and complete our Appropriateness Assessment Form and the Application Form and post these along with any cheque’s to;

Moneyworld, 34 High Street, High Wycombe, Bucks, HP11 2AG.

Application Fee

Our fee is just 0.5%. This can be deducted from the investment or paid directly to us.

Important Plan Dates

Closing Date: 28 December 2023

ISA Transfer Closing Date: 15 December 2023

Important Documents

> Plan Brochure – 6Y US Defensive Step-Down Kickout Deposit Plan – (BB10)

> Key Information Document

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Is the Arcus 6Y US Defensive Step-Down Kickout Deposit right for you?


I have at least £3,000 to invest as a lump sum.

I am looking for interest which could possibly be higher than I would achieve from a  risk-free investment (such as a savings account).

I already have a larger investment portfolio made up of different types of savings and investments.

I am comfortable with leaving my money invested for up to six years and I will have  access to money during this period for emergencies.

I am comfortable with investing in a Plan that is linked to the S&P 500 and have a  neutral or bullish outlook on the potential growth of the S&P 500 in the six-year term.

I understand the potential interest of the Plan is fixed and I cannot earn more than  this, even if the S&P 500 performs better.

I am looking to receive interest when the Plan matures, rather than a regular income.

I accept that there is a risk that I may receive no interest.

I accept that if I sell the Plan early, the amount I receive will depend on the value of  the Plan on the date of the sale, and could be less than my Amount Invested.

I accept that the interest and any repayment of my Amount Invested at maturity  depend on Barclays Bank PLC being able to meet its payment obligations.

I accept the personal tax implications of an investment in the Plan.

I understand and accept the risks associated with this investment.