The Causeway Securities S&P 500 Memory Income Deposit Plan is a 5 year plan that offers potential annual income of 8%, subject to the performance of the underlying index.
Your Initial Capital will be returned in full at Maturity, regardless of the performance of the Underlying Asset. *Subject to Deposit Taker solvency
The Plan will pay an annual coupon if the Closing Level of the Underlying Asset, on any Observation Date, is at or below 115% of its Opening Level. In this event an investor will receive an annual coupon of 8.0% plus any previously missed coupon payments (Coupon Memory Feature). Otherwise, no income will be paid at that Observation Date.
The Deposit Taker for this product is Societe Generale. The Deposit Plan is eligible for the Financial Services Compensation Scheme (FSCS) protection.
Subject to a minimum investment of £10,000, the Plan is available to: Direct Investment; ISA/ISA Transfers; Pensions; Companies; Trusts; Charities.
It is Causeway Securities understanding of current legislation and known HMRC practice that any investment return from a direct investment by individuals or Trusts into this Plan is expected to be subject to Income Tax. Investors should obtain their own tax advice.
Other Key Information
This product is a structured deposit governed by English law.
Société Générale, http://kid.sgmarkets.com
This product is designed to provide a conditional coupon on a periodic basis. It is possible for the product to be automatically redeemed early based on pre-defined conditions. If the product is not redeemed early, both the coupon and the capital redemption amount at maturity will be linked to the performance of the Reference Underlying. The product provides full capital protection at maturity only.
Coupon – Provided that the product has not been previously redeemed early:
– On each Coupon Observation Date, if the level of the Reference Underlying is at or below the Coupon Barrier, you will receive on the payment date: The Coupon multiplied by the number of periods the product has elapsed since inception, minus the sum of coupons already paid.
– Otherwise, you will not receive the Coupon.
A period corresponds to one year.
Automatic Early Redemption – On any Early Redemption Observation Date, if the level of the Reference Underlying is at or below the Early Redemption Barrier, the product will be redeemed early and you will receive 100% of the Nominal Value, on the Early Redemption Payment Date.
Final Redemption – On the Maturity Date, provided that the product has not been redeemed early, you will receive a final redemption amount. At maturity, you will receive 100% of the Nominal Value.
Additional Information
– The level of the Reference Underlying corresponds to its value expressed as a percentage of its Initial Value.
– The Initial Value of the Reference Underlying is its value observed on the Initial Observation Date.
– Coupons are expressed as a percentage of the Nominal Value.
– Extraordinary events may lead to changes to the product’s terms or the early termination of the product and could result in losses on your investment
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 income, 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 favourable return, have an investment horizon of the recommended holding period specified in the key information document and understand that the product may terminate early;
3. they accept the risk that the issuer 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 in the key information document.
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 brochure 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 and conditions before investing
How do I invest?
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: 06 October 2023
ISA Transfer Closing date: 22 September 2023
Important Documents
Application Forms
Other application forms
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Is the Causeway Securities S&P 500 Memory Income Deposit Plan right for me?
This Plan may be right for you if:
♦ You have received advice from your investment advisor prior to investing in this Plan or you have the necessary investment experience to make this investment on a non advised basis.
♦ You have read the Brochure and understand how this investment works.
♦ You have some knowledge or experience of similar investments, the financial markets and the Underlying Assets which allows you to understand the risks associated with this Deposit Plan.
♦ You are seeking the opportunity for higher returns than current cash rates, at the time this Deposit Plan is launched.
♦ You understand that the return of your investment is linked to the performance of the Underlying Asset.
♦ You understand that if the Deposit Taker was to default you could sustain the total loss of your investment and any Potential Investment Returns; and you are able to sustain this potential loss.
♦ You are willing to invest for a period of up to 5 years.
♦ You have at least £10,000 to invest.
This investment may not be right for you if:
♦ You have received no advice in relation to this Plan and you do not have sufficient knowledge or experience which would allow you to understand this investment.
♦ You have read the Brochure and do not understand how the investment works.
♦ You have not read the warnings or understand the risk disclosures in the brochure
♦ You are not comfortable that the return of your investment is linked to the performance of the Underlying Asset.
♦ You are seeking regular income from this investment during the investment term.
♦ You are not comfortable with or able to sustain the total loss of investment.
♦ You do not have £10,000 to invest
♦ You are not willing to invest for a period of up to 5 years.