Causeway Securities UK/EU Kick Out Plan – February 2024

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The Causeway Securities UK/EU Kick Out Plan is a maximum 6 year plan that offers potential growth of 11.2% for each year the plan runs, subject to the performance of the underlying indices.

The Plan will Kick-Out if the respective Closing Level of each Underlying Asset, on any Observation Date from end of Year 1, is at or above the Kick Out Level. In this event an investor will receive their Initial Capital back, plus a Potential Investment Return of 11.2% for each year that the Plan has been in existence. The first Observation Date on  which an early maturity could be triggered will be one year after the Start Date.

If on the Final Observation Date the Closing Level of the worst performing Underlying  Asset is less than 65% of its Opening Level (representing a decline of more than 35%  from the Opening Level), your Initial Capital will be lost at a rate of 1% for every 1%  that the Final Level of the worst performing Underlying Asset is below its Opening  Level.

The Counterparty of the Securities is Morgan Stanley & Co International plc. If Morgan  Stanley & Co International plc. were to fail  or become insolvent, you could lose some  or all of your investment and any return that may be due, irrespective of the  performance of the Underlying Assets.

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 Capital Gains Tax. Investors should obtain  their own tax advice.

Other Key Information

English law governed notes

Morgan Stanley & Co. International plc (https://sp.morganstanley.com/EU/)

The product is designed to provide a return in the form of a cash payment on  termination of the product. The timing and amount of this payment will depend on the  change in value of the preference shares, which in turn will depend on the  performance of the underlyings. The product has a fixed term and will terminate on the maturity date, unless terminated early. If, at maturity, the final reference level of the  worst performing underlying has fallen below its barrier level, the product may return  less than the product notional amount or even zero.

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 its autocall barrier level. On any such early  termination, you will on the immediately following autocall payment date receive a cash payment equal to the applicable autocall payment. The relevant dates and autocall  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:

1. if the final reference level of the worst performing underlying is at or above its barrier level, a cash payment equal to GBP 1,000.00; or

2. if the final reference level of the worst performing underlying is below its barrier  level, a cash payment directly linked to the performance of the worst performing  underlying. The cash payment will equal (i) the product notional amount multiplied by  (ii) (A) the final reference level of the worst performing underlying divided by (B) its  strike level.

Investors should note that the payments described above are based on the expected  value of the preference shares. Therefore any return you may receive on the product  depends directly on the value of the preference shares. As such, your return is only  indirectly dependent on the underlyings. 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 issuer may  terminate the product, as applicable, early. These events are specified in the product  terms and principally relate to the product and the issuer. The preference shares in  turn contain provisions allowing the preference shares to be adjusted or terminated  early in the case of certain exceptional events, in particular relating to the underlyings.  Any such adjustments or early termination are likely to affect the amount and timing of  return you receive under the product, meaning the return (if any) that 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.

You do not have any entitlement to a  dividend from any of the underlyings and you have no right to any further entitlement  resulting from any such underlying (e.g., voting rights).

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 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 able to bear a total loss of their initial  investment, consistent with the redemption profile of the product at maturity (market  risk);

4. they accept the risk that the issuer 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 5 out of 7 to achieve potential returns, which  reflects a medium-high 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 and conditions before investing

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Important Plan Dates

Closing Date: 16 February 2024

ISA Transfer Closing date: 02 February 2024

Important Documents

> Plan Brochure – UK/EU Kick Out Plan – February 2024

> Key Information Document

> Order brochure by post

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Is the Causeway Securities UK/EU Kick Out 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 investment Plan.

You understand that investment returns may not be paid until the Maturity Date and  you are willing to invest your Initial Capital for a period of up to 6 years.

You understand that the return of your amount invested and any potential growth on  capital invested will depend on the performance of the Underlying Assets.

You understand the risk to capital in the event of an Issuer default and if the capital  protection barrier is breached at maturity.

You understand the Plan may mature early, returning 100% of your Initial Capital plus the return shown in the brochure.

You have a positive view of the performance of the Underlying Assets over the next 6 years

You are willing to invest for a period of up to 6 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 seeking regular income from this investment during the investment term.

You are not comfortable that the return of your investment is linked to the  performance of the Underlying Assets.

You are not comfortable with or able to sustain a total loss of your investment.

You are not comfortable that your investment may be at risk if the Issuer becomes  insolvent or if the Underlying Assets fall by more than 35% from its Opening Level.

You do not have a positive view of the performance of the Underlying Assets over the next 6 years

You are not willing to invest for a period of up to 6 years.

You do not have £10,000 to invest.