The Mariana FTSE 100 Kick Out Plan is a maximum 7 years 2 weeks investment with the potential growth payments dependant on the performance of the FTSE 100 Index.
This is a seven year, two week Plan based on the performance of the FTSE™ 100 Index, the Underlying Asset. The Plan is constructed to offer a Potential Return of 9.3% for each year the Plan runs with the possibility of early maturity and the full repayment of Initial Capital from the end of the Plan’s second year and annually thereafter. The Potential Return is only payable if the Plan kicks out.
Should the Closing Price of the Underlying Asset on an Observation Date be at or above the Kick Out Trigger Level, the Plan will mature early, repaying your Initial Capital plus the Potential Return multiplied by the number of years the Plan has run.
The Kick Out observations begin on the second anniversary date and continue on a annually basis until the Plan’s Maturity Date.
If the Plan has not already kicked out, Initial Capital will be repaid in full at the end of the Plan’s term if on the Maturity Date the Closing Price of the Underlying is not more than 35% below the Start Level.
If on the Maturity Date the Closing Price of the Underlying Asset 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 Asset is below the Start Level.
The Counterparty chosen for this Plan is Credit Agricole CIB. Credit Agricole CIB is also 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.
Crédit Agricole CIB
To receive a single payment on the Maturity Date or on any earlier Payment Date on which the product terminates in return for the risk of loss of capital. Amounts stated below are in respect of each Nominal Amount that you invest.
The amounts you will receive depend directly on the performance of the Underlying(s) and are determined by referencing the performance of Preference Shares which are directly linked to the Underlying(s). Therefore, for ease of explanation of the objectives of the product, the product is described in this document as being linked to the Underlying(s).
• Autocall Event: If the Underlying Performance is greater than or equal to 0% on any Autocall Valuation Date, the product will be redeemed early and you will receive, in addition to the Nominal Amount, an amount equal to the Bonus Amount corresponding to such Autocall Valuation Date on the immediately following Payment Date. No further payments will be made following such payment and early redemption.
• Redemption on the Maturity Date:
Redemption Amount: If the product is not redeemed early, then you will receive one of the following:
▪ If a Barrier Event has NOT occurred:
– If the Final Underlying Performance is greater than or equal to 0%, you will receive, in addition to the Nominal Amount, the Bonus Amount corresponding to the Final Valuation Date.
– If the Final Underlying Performance is lower than 0%, 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 absolute value of the Final Underlying 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 Document 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 by enclosing a cheque to Moneyworld.
Important Plan Dates
Closing Date: 27 July 2022
ISA Transfer closing date: 13 July 2022
Important Documents
Application Forms
Other application forms
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Is the Mariana FTSE 100 Kick Out 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 15 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 Underlyings 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 seven years, two weeks.
♦ You are comfortable that the Plan’s returns are linked to the performance of the FTSE™ 100 Index, the Underlying Asset.
♦ 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 growth payment and not an income 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 15 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 seven years, two weeks.
♦ You are not comfortable that the Plan’s returns are linked to the performance of the FTSE™ 100 Index, the Underlying Asset.
♦ 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 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 to invest.
♦ You are not comfortable with the fact that the Plan may mature early (kick out).