Applications must be submitted to us by 4pm on 1st April and cleared funds must be with Investec by 5th April, you can apply online using the link below or by emailing a completed application to firstname.lastname@example.org
The Investec FTSE 100 Step Down Kick Out Plan is designed to repay your initial investment and deliver a return dependent on the performance of the FTSE 100.
If at the end of years 2, 3, 4, 5 or 6 the FTSE 100 is higher than a specified percentage of its starting level, the Plan will mature returning your initial investment plus a fixed payment equal to 5.43% per annum not compounded.
The below table shows the levels that the FTSE 100 needs to exceed for the Plan to Kick-Out or pay a return.
|Year||% of index's starting level||Return|
However, if the Plan runs for the full 6 years and at the end of year 6, the FTSE 100 finishes lower than 60% of its starting level, your initial investment will be reduced by 1% for every 1% fall in the FTSE 100 at the end of the Plan Term.
How do I invest?
Other Key Information
This product is a certificate, a transferable debt instrument.
BNP Paribas S.A. – www.bnpparibas.com
Call +33 (0)1 57 08 22 00 for more information
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 Automatic 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 80% of the Initial Reference Price: a payment in cash equal to 132.58% of the Notional Amount.
2. If the Final Reference Price is less than 80% 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.
Automatic Early Redemption: If, on any Averaging Date, the arithmetic average is greater than or equal to the relevant Autocall Barrier, the product will be redeemed on the corresponding Early Redemption Date. You will receive for each certificate a payment in cash equal to the Notional Amount plus a premium based on the relevant Exit Rate.
– A 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 arithmetic average of the closing prices of the Underlying on the Final Averaging Dates.
– The Averaging Dates date means the Autocall Valuation Date and the four preceding Scheduled Trading Days.
This 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 and are aware of the possible early termination of the product.
– 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
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: 01 April 2021
ISA Transfer closing date: 19 March 2021
Other application forms
Is the Investec FTSE 100 Step Down Kick Out Plan right for you?
This investment may be right for you if:
♦ You understand the risks of this Plan.
♦ You are prepared to risk losing some or all of your initial investment.
♦ You are looking for an investment linked to the performance of stock markets.
♦ You are looking to achieve growth over a 6 year period and can accommodate receiving your money back before the end of the Plan Term.
♦ You do not need access to your money over the next 6 years.
♦ You want a tax-efficient investment using your ISA allowance or via a SIPP/SSAS.
♦ You have a minimum of £3,000 to invest.
♦ You accept that if BNP Paribas Issuance B.V. (the Issuer of the Securities) and BNP Paribas (the Guarantor) default during the Plan Term, you could lose all of your investment and will have no recourse to the Financial Services Compensation Scheme.
♦ You understand that returns are dependent on the performance of the FTSE 100, which is observed on set dates and you accept that you may not achieve any return at all.
This investment may not be right for you if:
♦ You are not prepared to risk losing some or all of your initial investment.
♦ You want a regular income and dividends.
♦ You disagree with or do not meet all of the criteria listed in the section to the left.
♦ You may need immediate access to your money before maturity.
♦ You cannot commit to the full 6 year Plan Term.
♦ You want a guaranteed return on your investment.
♦ You want to add to your investment on a regular basis.
♦ You do not want to invest in a UK onshore asset that is subject to UK tax rules.