The Mariana FTSE 100 Deposit Kick Out Plan is a six year investment with the potential growth payments dependant on the performance of the FTSE™ 100 Index, the Underlying Asset.
This is a six year, one week Deposit Plan based on the performance of the FTSE™ 100 Index, the Underlying Asset. The Deposit Plan has two options and is constructed to offer a Potential Return of 5.5% in Option 1 and 6% in Option 2 for each year the Deposit Plan runs with the possibility of early maturity and the full repayment of Initial Capital from the end of the Deposit Plan’s third year and annually thereafter. The Potential Return is only payable if the Deposit 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 Deposit Plan will mature early, repaying your Initial Capital plus the Potential Return multiplied by the number of years the Deposit Plan has run.
The Kick Out observations begin on the third anniversary date and continue on an annual basis until the Deposit Plan’s Maturity Date.
If the Deposit Plan has not already kicked out, Initial Capital is returned in full on the Maturity payment Date regardless of the performance of the Underlying. The repayment of Initial Capital and the payment of any returns are subject to Counterparty Risk.
The Deposit Taker chosen for this Deposit Plan is Goldman Sachs International Bank. The Deposit Taker (also known as the Counterparty), is the institution with which your Initial Capital will be invested in the Structured Deposit described in the brochure.
Other Key Information
The product is in the form of a deposit provided under English law. It is not an interest bearing security. The payment obligations of the product manufacturer are not guaranteed by any entity.
Goldman Sachs International Bank, London, UK (see http://www.gspriips.eu or call +442070510101 for more information)
The product provides the potential for capital growth and does not pay interest. What you will receive at the end of the term of the product is not certain and will depend on the performance of the FTSE 100 Index (the underlying asset). The term of the product will end no later than July 16, 2029. However, the product may terminate early depending on the performance of the underlying asset. The product is not listed on an exchange.
Autocall feature: If the closing price of the underlying asset on any autocall observation date is at or above the autocall barrier, the product will terminate on the corresponding autocall payment date. In this case, you will receive the autocall payment multiplied by the deposit amount shown in the key information document for each deposit that you hold.
Repayment at maturity: This section applies only if no autocall occurs as described above.
On July 16, 2029, you will receive the deposit amount. The deposit amount is, at any time, the amount standing to the credit of your deposit account at such time, and excludes any amount already withdrawn or transferred.
The initial reference price of the underlying asset is the closing price on July 7, 2023.
The product terms also provide that if certain exceptional events occur (1) adjustments may be made to the product and/or (2) the product issuer may terminate the product early. These events are specified in the product terms and principally relate to the underlying asset, the product and the product manufacturer. The return (if any) you receive on such early termination is likely to be different from the scenarios described above.
The product is intended to be offered to retail investors who:
1. 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, with experience of investing in and/or holding a number of similar products providing a similar market exposure;
2. seek principal protection, subject to the issuer’s ability to pay, expect the movement in the underlying asset 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. accept the risk that the issuer could fail to pay or perform its obligations under the product but otherwise are not able to bear any loss of their investment;
4. 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.
To gain a full understanding of this Plan it is important that you read the brochure and Key Information Documenbt 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?
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: 30 June 2023
ISA Transfer closing date: 14 June 2023
Important Documents
> Plan Brochure – FTSE 100 Deposit Kick Out Plan – July 2023
Application Forms
Other application forms
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Is the Mariana FTSE 100 Deposit Kick Out Plan right for you?
This investment may be right for you if:
♦ You have either received advice or a financial adviser has confirmed that this investment is appropriate for you.
♦ You understand the risk associated with investing in this Deposit Plan (see page 14 of the brochure for more information).
♦ You are able to make an informed decision based on the information provided in the Brochure and in the Key Information Document (KID).
♦ You understand that the returns are pre-defined and that you will forgo any growth in the Underlying which exceeds the returns defined in the Brochure.
♦ You are comfortable that you are making an investment into a Deposit Plan that has a term of six years, one week.
♦ You are comfortable that the Deposit Plan’s returns are linked to the performance of the FTSE™ 100, the Underlying.
♦ You are comfortable that any Potential Return and the repayment of your Initial Capital is dependent on the continuing solvency of the Counterparty.
♦ You are looking to invest in a Deposit Plan that offers a growth payment and not an income payment.
♦ You can afford to leave your money invested for the full term of the Deposit Plan.
♦ You have other savings or investments that are easily accessible to cover emergencies.
♦ You understand how the Deposit Plan works.
♦ You have at least £10,000 to invest.
This investment may not be right for you if:
♦ You have not received advice or a financial adviser has not confirmed that this investment is appropriate for you.
♦ You do not understand the risk associated with investing in this Deposit Plan (see page 14 of the brochure for more information).
♦ You are not able to make an informed decision based on the information provided in the Brochure and in the Key Information Document (KID).
♦ You do not understand that the returns are pre- defined and that you will forgo any growth in the Underlying which exceeds the returns defined in the Brochure.
♦ You are not comfortable that you are making an investment into a Deposit Plan that has a term of six years, one week.
♦ You are not comfortable that the Deposit Plan’s returns are linked to the performance of the FTSE™ 100, the Underlying.
♦ You are not comfortable that any Potential Return and the repayment of your Initial Capital is dependent on the continuing solvency of the Counterparty.
♦ You are looking to invest in a Deposit Plan that offers an income payment and not a growth payment.
♦ You cannot afford to leave your money invested for the full term of the Deposit Plan.
♦ You do not have other savings or investments that are easily accessible to cover emergencies. You are unsure how the Deposit Plan works.
♦ You do not have at least £10,000 to invest.