The MB Structured Investments UK/Europe Defensive Kick Out Deposit Plan is a maximum 6 year and 3 week investment that offers a potential interest of 7.4% for each year the plan runs, subject to the performance of the FTSE 100 and Euro Stoxx 50 Indices.
At the Maturity Date, the return of the amount you place in the Plan (your ‘Capital’) is not dependent on the performance of the Index and, subject to Deposit Taker risk, will be returned in full.
The plan starts on the Start Date. On a Measurement Date, if the levels of both Indices are at or above a defined percentage of their respective Start Levels, the plan will end and pay Interest equal to 7.40% of the money invested for each year the plan has been in force. This is called a Kick Out and the barrier levels are called the Kick Out Barriers. The first date this can happen is at the end of year 3.
If the plan never Kicks Out and reaches the End Date, the Indices will be measured for the last time. If the End Levels of both Indices are at or above 85% of their respective Start Levels, the plan will pay Interest equal to 44.40% of the money invested, otherwise, no Interest will be achieved.
Your money will be deposited with Barclays Bank plc. through a Bare Trust. A Bare Trust is an arrangement which allows the Plan Manager to act on behalf of applicants in relation to their Deposit. The Deposit is effectively a loan to Barclays Bank plc and repayment will depend on the ability of Barclays Bank plc to pay the amounts due to us.
It is MB Structured Investment’s understanding that any income payments from a direct investment by individuals or Trusts into this Plan are expected to be subject to Income Tax.
Other Key Information
English law governed deposit
Barclays Bank PLC (www.barx-is.com) 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 of the worst performing underlying 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) in the key information document.
Coupon: If the product has not terminated early, on each coupon payment date you will receive the applicable coupon payment together with any previously unpaid coupon payments if the reference level of the worst performing underlying 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) 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.
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 underlyings, 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 income and/or full protection of the deposited amount, subject to the deposit taker’s ability to pay, expect the movement in the underlyings 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 deposit taker 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 3 out of 7 to achieve potential returns, which reflects a medium-low risk (as shown in the summary risk indicator in the key information document, which takes into account both market risk and credit risk).
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 of business before investing
How do I invest?
Our fee is just 0.5%. This can be deducted from the investment or paid by enclosing a cheque to Moneyworld.
Important Plan Dates
Closing Date: 15 December 2023
ISA Transfer closing date: 28 November 2023
Other application form
Is the MB Structured Investments UK/Europe Defensive Kick Out Deposit Plan right for me?
A typical investor who invests in this Plan will:
♦ Be either an Informed or Advanced Investor, with appropriate knowledge and experience of equity-based investments;
♦ Like investments that provide known returns based on pre-determined market outcomes;
♦ Want the potential to obtain an interest payment above that available from a traditional deposit-based investment and acknowledge and accept the Summary Risk Indicator set out in the Key Information Document (KID);
♦ Understand that the potential interest payment is dependent on the performance of the underlying indices, which is calculated on set dates;
♦ Understand and accept that interest from conventional deposits is not contingent on equity performance and that rates from such deposits could rise over the term of the Plan;
♦ Be willing and able to tie up their money for the term of the Plan for the objective of producing an interest payment;
♦ Appreciate the importance of having a spread of investments to reduce concentration risk;
♦ Know and accept that inflation reduces the real value of money and what it can buy;
♦ Understand that equity markets are affected by economic and political events nationally and globally;
The information provided on this page is not investment advice or an investment recommendation. It is designed to provide some guidance as to the possible future risks and rewards of this Plan.