The Mariana FTSE 100 Income Kick Out Plan is a maximum eight year, two week investment with the potential Income payments dependant on the performance of the FTSE 100 Index, the Underlying Asset.
This is an eight year, two week Plan based on the performance of the FTSE100 Index, the Underlying. The Plan is constructed to offer a Potential Income of 1.8125% per quarter (7.25% p.a) providing the Closing Price of the Underlying is at or above 75% of the Start Level on a quarterly Observation Date.
If the Closing Price of the Underlying is below 75% of the Start Level on a quarterly Observation Date, no income is paid and the income for that period is permanently lost.
You will only receive the quarterly Potential Income if the income criteria is fulfilled on a quarterly Observation Date. To note, if, on all of the quarterly Observation Dates the income criteria is not fulfilled, you will receive no Potential Income throughout the term of the Plan.
The Plan has the possibility to kick out from the end of year 2 and quarterly thereafter. Should the Closing Price of the Underlying be at or above 105% of the Start Level on any one of the kick out Observation Dates, the Plan will mature early paying the Potential Income for that quarter and returning Initial Capital in full (subject to Counterparty Risk).
If the Plan has not already kicked out, Initial Capital will be returned in full at the end of the Plan’s term if on the Maturity Date the Finish Level of the Underlying is not less than 65% of the Start Level.
You are at risk of losing your capital if the Closing Price of the Underlying is less than 65% of the Start Level (representing a decline of more than 35% from the Start Level), your Initial Capital will be lost at a rate of 1% for every 1% the Closing Price of the Underlying is below the Start Level.
The Counterparty chosen for this Plan is Credit Agricole CIB. Credit Agricole CIB is the issuer of the underlying investments that are purchased on your behalf with the money you have invested. The investments are constructed to generate the terms described in the Brochure.
Other Key Information
The product is in the form of a debt instrument, governed by English law, which performance depends on the performance of an underlying reference value. The product bears a risk of losing some or all of the capital invested.
Crédit Agricole CIB
To provide conditional interest payment(s), in return for the risk of loss of capital. Amounts stated below are in respect of each Nominal Amount that you invest.
• Interest: If the Underlying Performance is greater than or equal to -25%, on any Interest Valuation Date, you will receive the Interest Amount on the immediately following Payment Date. Otherwise, no interest will be paid on that Payment Date.
• Autocall Event: If the Underlying Performance is greater than or equal to 5% on any Autocall Valuation Date, the product will be redeemed early and you will receive the Nominal Amount (in addition to any interest payable) on the immediately following Payment Date. No further payments of principal or interest will be made following such payment and early redemption.
• Redemption on the Maturity Date:
o Redemption Amount: If the product is not redeemed early, then you will receive one of the following:
▪ If a Barrier Event has NOT occurred: you will receive the Nominal Amount.
▪ Otherwise, you will receive an amount equal to the Nominal Amount diminished by an amount equal to the Nominal Amount multiplied by the Final Performance. The amount paid in such case will be less than the Nominal Amount and you may lose some or all of your capital.
Early redemption and adjustments
The terms of the product provide that if certain defined events, in addition to those described above, occur (principally but not exclusively in relation to any Underlying, or the Manufacturer of the product (which may include the discontinuation of the Manufacturer’s ability to carry out the necessary hedging transactions)), adjustments may be made to the terms of the product to account for the relevant event or the product may be early redeemed. The amount paid on any early redemption may be less than the amount originally invested.
This product is intended for clients who:
• have significant knowledge and experience in products such as the one described in the key information document
• are willing and able to bear a potentially total loss
• have a risk tolerance consistent with the summary risk indicator in the key information document
• are expressing a view on the underlying consistent with the conditions for a positive outcome (as stated in the product description)
• have a horizon consistent with the term of this product as determined independently or on the basis of professional advice.
To gain a full understanding of this Plan it is important that you read the brochure and Key Information Documenbt 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: 22 September 2023
ISA Transfer closing date: 06 September 2023
Important Documents
> Plan Brochure – FTSE 100 Income Kick Out Plan – September 2023
Application Forms
Other application forms
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Is the Mariana FTSE 100 Income Kick Out Plan Plan right for you?
This investment may be right for you if:
♦ You have either received advice or a financial adviser has confirmed that this investment is appropriate for you.
♦ You understand the risk associated with investing in this Plan (see page 16 of the brochure for more information).
♦ You are able to make an informed decision based on the information provided in the Brochure and in the Issuer’s Key Information Document (KID).
♦ You understand that the returns are pre-defined and that you will forgo any growth in the Underlying which exceeds the returns defined in the Brochure.
♦ You are comfortable that you are making an investment into a Plan that has a term of eight years, two weeks.
♦ You are comfortable that the Plan’s returns are linked to the performance of the FTSE 100 Index, the Underlying.
♦ You are comfortable that any Potential Return and the repayment of your Initial Capital is dependent on the continuing solvency of the Counterparty.
♦ You are comfortable that your capital is at risk and you could lose some and up to all of your investment.
♦ You are looking to invest in a Plan that offers a potential income payment and not a growth payment.
♦ You can afford to leave your money invested for the full term of the Plan.
♦ You have other savings or investments that are easily accessible to cover emergencies.
♦ You understand how the Plan works.
♦ You have at least £10,000 to invest.
♦ You are comfortable with the fact that the Plan may mature early (kick out).
This investment may not be right for you if:
♦ You have not received advice or a financial adviser has not confirmed that this investment is appropriate for you.
♦ You do not understand the risk associated with investing in this Plan (see page 16 of the brochure for more information).
♦ You are not able to make an informed decision based on the information provided in the Brochure and in the Issuer’s Key Information Document (KID).
♦ You do not understand that the returns are pre-defined and that you will forgo any growth in the Underlyings which exceeds the returns defined in the Brochure.
♦ You are not comfortable that you are making an investment into a Plan that has a term of eight years, two weeks.
♦ You are not comfortable that the Plan’s returns are linked to the performance of the FTSE 100 Index, the Underlying.
♦ You are not comfortable that any Potential Return and the repayment of your Initial Capital is dependent on the continuing solvency of the Counterparty.
♦ You are not comfortable that your capital is at risk and that you could lose some and up to all of your investment.
♦ You are looking to invest in a Plan that offers a growth payment and not an income payment.
♦ You cannot afford to leave your money invested for the full term of the Plan.
♦ You do not have other savings or investments that are easily accessible to cover emergencies.
♦ You are unsure how the Plan works.
♦ You do not have at least £10,000.
♦ You are not comfortable with the fact that the Plan may mature early (kick out).