Important Update – Please Read
We are currently able to accept postal applications, however given the current circumstances we would suggest sending applications to us by e-mail if you can. The funds for your investment should be transferred direct to the investment company so they have cleared funds by the closing date. Account details for transferring funds are included on all application forms. Please send completed application forms and appropriateness questionnaires to us at firstname.lastname@example.org. We will confirm receipt of your application within one working day.
If you have opted to pay your fee separately we will provide you with our account details when confirming receipt of your application.
The iDAD Callable 4x FTSE Supertracker Plan is a maximum 6 year and 1 week plan that offers potential growth of 10.20% for each year the plan runs, subject to the performance of the underlying index.
A maximum 6 years 1 weeks investment
FTSE 100 Index
Issuer: BNP Paribas Insurance B.V.
Guarantor: BNP Paribas
How the plan worksThis is a 6 year 1 week Plan based on the performance of the FTSE™ 100 Index. The Plan is constructed to offer a potential return of 10.20% per annum to the redemption date if the Issuer callsthe investment early (please refer to the ‘Callable Feature’ below), or 400% participation in any growth of the FTSE™ 100 Index at maturity.
If the Plan is not called early, at maturity, the investor receives a return of 400% of any positive growth in the FTSE™ 100 Index. For example, at maturity, if the FTSE™ 100 Index had risen 10% from the Initial Index Level, the investor will receive 100% of theirinvestment back plus a 40% growth payment(10% X 400%).
The opportunity for enhanced growth is the key aim of this investment. The investment is linked to one of the bestknown indicesin the world (see page 6 for full details) and investors will benefit from geared growth in the Index unless, the Issuer “calls” the plan early, in which case investors will be paid a very competitive fixed rate of return – considerably better than current cash rates. The enhanced participation is designed to more than make up for the loss of dividends a direct investor into the Index would benefit from, and although the returns are effectively capped, because the plan is very unlikely to deliver more than the 10.20% per annum Payment rate, the cap is at an attractive level relative to current interestrates.
Investor’s capital is protected in full unless the FTSE™ 100 Index falls more than 40%. If on the Final Observation Date the Closing Price of the Underlying Index is less than 60% of the Initial Index Level. (representing a decline of more than 40% from the Start Level), your Initial Capital will be lost at a rate of 1% for every 1% the Closing Price of the Underlying Index is below the Initial Index Level. However, if the Plan is called early, the initial investment, minus any initial Adviser Fee will be returned in full, as detailed in the Key Observations table on page 5 of the brochure.
The Callable Feature – what is this and when may this occur?
On each Monthly Observation Date, from the 12 months after issue date, the Issuer has the option to ‘call’ the Plan at their discretion. This means the Plan will be redeemed at that point and investors will receive their Initial Capital into the Plan, together with the fixed rate of return detailed above. For example, if the Issuer called the Plan on the second anniversary,the investor would receive 100% of their Initial Capital plus a 20.40% return.
The callable feature provides the Issuer with the ability to redeem the Plan early on any Callable Observation Date, details of which can be found on page 2 of the brochure under ‘Product Information’.
How can I hold this?
Direct, ISA/ISA Transfers, SIPPs, SSAS,Corporate, Charities and Trusts
Other Key Information
This product is a certificate, a transferable debt instrument.
BNP Paribas S.A. – www.bnpparibas.com
This certificate provides a return which depends on the performance over the lifetime of the certificate of an underlying redeemable preference share issued by BNP Paribas Synergy Limited the value of which is in turn linked to the performance of an underlying share and/or index or basket of shares and/or indices. The description below is therefore based on the expected value of such preference share however the real return will depend on the actual value of the preference share.
The objective of this product is to provide you with a return based on the performance of an underlying index. This product has a fixed term and will redeem on the Redemption Date unless redeemed early in accordance with the Optional Early Redemption provisions below.
Unless the product has been redeemed early, the following provisions would apply. On the Redemption Date you will receive in respect of each certificate:
1. If the Final Reference Price is greater than or equal to 100% of the Initial Reference Price: a payment in cash equal to the Notional Amount increased by 400% of the Performance of the Underlying.
2. If the Final Reference Price is less than 100% of the Initial Reference Price:
a. If a Barrier Event has not occurred: a payment in cash equal to the Notional Amount.
b. If a Barrier Event has occurred: a payment in cash equal to the Notional Amount decreased by the Performance of the Underlying. In this case you will suffer a partial or total loss of the Notional Amount.
Optional Early Redemption: On any Optional Redemption Date, and after a prior notice given by the issuer, the product may be redeemed in whole and you will receive for each certificate a payment in cash equal to the Notional Amount plus a premium based on the relevant Exit Rate.
– Barrier Event shall be deemed to occur if the Final Reference Price is below the Barrier.
– The Performance of an Underlying is the difference between its Final Reference Price and its Initial Reference Price, divided by its Initial Reference Price, expressed in absolute value.
– The Initial Reference Price is the closing price of the Underlying on the Strike Date.
– The Final Reference Price is the closing price of the Underlying on the Redemption Valuation Date.
The product has been designed for retail investors who:
♦ have a long term investment horizon (over five years).
♦ seek to invest in a capital growth product, potentially to diversify their portfolio.
♦ are able to bear losses up to the total of the Notional Amount.
♦ have been informed or have sufficient knowledge of the financial markets, their functioning and their risks, and the asset class of the underlying.
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?
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 (Cheque payments): 31 July 2020
Closing Date (Electronic payments): 07 August 2020
ISA Transfer closing date: 24 July 2020
Is the iDAD 100% Capital Protected Kick Out Plan right for me?
This Plan may be suitable for investors who:
♦ Are seeking the opportunity for higher returns than current cash rates at the time this Plan is launched
♦ Wish to have exposure to the Underlying Index
♦ Understand the Plan may mature early, returning 100% of your Initial Capital plus a return equivalent to 10.20% per annum
♦ Are looking to invest for the medium term, being happy to remain invested until the Maturity Date
♦ Can afford to have their cash invested for the full term of the Plan
♦ Wish to use this investment as part of a well-diversified portfolio
♦ Understand the risk to capital in the event of an Issuer default
♦ Should they need to sell their investment before maturity, accept that the trading price may mean they get back an amount less than they invested
♦ Appreciate that the fixed rate of return is conditional on the performance of the Underlying Index
This Plan may not be suitable for investors who:
♦ Have not received advice, completed an appropriateness test or spoken to a financial adviser who deems the Plan appropriate for them
♦ Don’t understand the risks of the Plan
♦ Require a guaranteed income
♦ Don’t want exposure to equities
♦ Require access to their investment over the term
♦ Are unsure how the Plan works
♦ Do not have at least £10,000 to invest
♦ Cannot make an informed decision based on the information within the brochure or from the Issuer’s Key Investment Document (KID)