The Mariana FTSE 150 ESG Leaders Green Bond Kick Out Plan is a maximum seven year investment that offers potential growth of 10% p.a. subject to the performance of the FTSE Custom UK 150 ESG Leaders 5% Decrement Index®
This is a seven year, one week Plan based on the performance of the FTSE Custom UK 150 ESG Leaders 5% Decrement Index®, the Underlying Asset. The Plan is constructed to offer a Potential Return of 10% 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 first 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 first anniversary date and continue on an annual 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 Natixis. Natixis Structured Issuance SA, an affiliate of Natixis, 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 linked to the performance of Class 194 equity index-linked preference shares issued by Cannon Bridge Capital Ltd., which are in turn linked to the performance of the Underlying(s)
Natixis (Issuer: Natixis Structured Issuance / Guarantor: Natixis)
To provide capital growth in return for the risk of loss of capital. Amounts stated below are in respect of each Nominal Amount that you invest. Investors should note that the payments described below 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 Underlying(s).
This financial instrument is a debt security of which the net issuance proceeds will be used to finance, or refinance, environmental or social assets directly by Natixis, or by an entity of the BPCE Group, through eligible loans.
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 Performance linked Amount corresponding to the Performance Linked Amount per period on the immediately following Payment Date. No further payments of principal or Performance Linked Amount will be made following such payment and early redemption.
Redemption amount on the Maturity Date: 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 Performance Linked Amount corresponding to the Performance Linked Amount per period.
– 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 Issuer of the product (which may include the discontinuation of the Issuer’s ability to carry out the necessary hedging transactions) or the Issuer of the preference shares), 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 retail investors who:
– have capital growth objective
– are willing and able to bear a total capital loss and accept the credit risk of the Issuer and the Guarantor
– have a risk tolerance consistent with the summary risk indicator in the key information document
– have significant knowledge and experience in products such as the one described in the key information document
– have a minimum investment horizon consistent with the recommended holding period
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: 30 June 2023
ISA Transfer closing date: 14 June 2023
Important Documents
> Plan Brochure – FTSE 150 ESG Leaders Green Bond Kick Out Plan – July 2023
Application Forms
Other application forms
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Is the Mariana FTSE 150 ESG Leaders Green Bond 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.
♦ You are comfortable that the Plan’s returns are linked to the performance of the FTSE Custom UK 150 ESG Leaders 5% Decrement 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.
♦ You are not comfortable that the Plan’s returns are linked to the performance of the FTSE Custom UK 150 ESG Leaders 5% Decrement 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.
♦ You are not comfortable with the fact that the Plan may mature early (kick out).