The MB Structured Investments UK/US/Europe Quarterly Conditional Income Deposit Plan June 2023 – 7325 is a maximum 5 year and 3 week investment that offers potential quarterly income of 1.5%. The income and return of your original capital is dependent on the performance of the FTSE 100 index, S&P 500 Index and EURO STOXX 50 Index.
At the Maturity Date, the return of the amount you place in the Plan (your ‘Capital’) is not dependent on the performance of the Indices and, subject to Deposit Taker risk, will be returned in full.
If the Closing Levels of all three Indices on any Quarterly Measurement Date are at least equal to 80% of their respective Opening Levels, the Plan will pay gross income of 1.50% for that quarter. No interest will be payable for a quarter if the Closing Level of one, or more, Indices is below 80% of its Opening Level on the Quarterly Measurement Date. The first Quarterly Measurement Date will be three months after the Start Date. Thereafter, the performance of the Indices will be measured quarterly.
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 interest payment 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 notes
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 the maturity date. The product has a fixed term and will terminate on the maturity date.
Coupon: On each coupon payment date you will receive a coupon payment of GBP 0.015 if the reference level of the worst performing underlying is at or above its 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 are shown in the table(s) on the Key Information Document.
Termination on the maturity date: On termination of the product 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 the Key Information 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 favourable return and have an investment horizon of the recommended holding period specified in the plan documents;
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, subject to the availability of any compensation under the UK Financial Services Compensation Scheme; 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
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?
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: 20 June 2023
ISA Transfer closing date: 01 June 2023
Important Documents
> Plan Brochure – UK/US/Europe Quarterly Conditional Income Deposit Plan June 2023
Application Forms
Other application form
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Is the MB Structured Investments UK/US/Europe Quarterly Conditional Income Deposit Plan June 2023 – 7325 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 interest payments 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 and accept that interest from conventional deposits is not conditional 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 potential interest payments;
♦ 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.
An investor will not meet the target market criteria if:
♦ You cannot invest for the full 5 year 3 week term;
♦ You do not understand how this investment works;
♦ You are unable, or unwilling, to accept the risks associated with this Plan;
♦ The Plan does not meet your investment objectives.