MB Structured Investments Semi-Annual Recallable Fixed Growth Plan – December 2023 – BA8060
At the Maturity Date or if the Plan matures early, the amount you invest in the Plan (your ‘Capital’) will be returned in full, subject to Counterparty Risk.
From Year 2, the Issuer can terminate the Plan on any Anniversary Date at its own discretion. In this event, the Plan will mature early and make a gross investment return of 3.275% of the money you invest for every six months the Plan has been in force. The first date on which an early maturity could be triggered will be on two years after the Start Date. If the Plan has not matured early, the Plan will pay an investment return at the Maturity Date equal to 39.30% of the money you invest.
The Securities purchased will be Notes issued by Barclays Bank plc and can be viewed in a similar way to a loan to the Issuer.
It is possible that the Counterparty could collapse or fail to make the payments due from the Plan. If this happened, the investor would lose some, or all, of the money they invest in the Plan, as well as, any income payments to which they might otherwise have become entitled.
It is MB Structured Investment’s understanding that any growth payments from a direct investment by individuals or Trusts into this Plan are expected to be subject to Income Tax.
English law governed notes
Barclays Bank PLC (www.barx-is.com) Call +44 (0) 20 7116 9000 for more information.
The product is designed to provide (1) a return in the form of fixed rate interest payments and (2) repayment of the product notional amount on termination of the product. The product notional amount will be repaid either (a) on the maturity date or (b) if we exercise our option to terminate the product prior to the maturity date, on the relevant call payment date. The product has a fixed term and will terminate on the maturity date, unless terminated early.
Early termination following a call: We have the right, exercisable on each call exercise date, to terminate the product. In this case, the product will terminate and you will on the immediately following call payment date receive a cash payment equal to the applicable call payment. The relevant dates and call payments are shown in the table in the key information document.
Termination on the maturity date: If the product has not terminated early, on the maturity date you will receive GBP 1.393.
Under the product terms, certain dates specified above and below will be adjusted if the respective date is either not a business day or not a trading day (as applicable). Any adjustments may affect the return, if any, you receive.
The product terms also provide that if certain exceptional events occur (1) adjustments may be made to the product and/or (2) the issuer may terminate the product early. These events are specified in the product terms and principally relate to the product and the issuer. The return (if any) you receive on such early termination is likely to be different from the scenarios described above and may be less than the amount you invested.
When purchasing this product during its lifetime, the purchase price may include accrued interest on a pro rata basis.
For display purposes numbers within this document have been cut off at 4 decimal places.
The product is intended to be offered to retail investors who fulfil all of the criteria below:
1. they have basic knowledge and/or experience of investing in similar products which provide a similar market exposure and have the ability to understand the product and its possible risks and rewards, either independently or through professional advice;
2. they seek income and/or full protection of the product notional amount, subject to the issuer’s ability to pay and understand that the product may terminate early;
3. they accept the risk that the issuer could fail to pay or perform its obligations under the product but otherwise they are not able to bear any loss of their investment; and
4. they are willing to accept a level of risk to achieve potential returns that is consistent with the summary risk indicator shown in the key information document.
The product is not intended to be offered to retail clients who do not fulfil these criteria.
Our fee is just 0.5%. This can be deducted from the investment or paid directly to us.
Closing Date: 18 December 2023
ISA Transfer closing date: 04 December 2023
♦ Be either an Informed or Advanced Investor, with appropriate knowledge and experience of equity- based investments;
♦ Want the potential to secure an investment return above that available from a deposit-based investment and acknowledge and accept the level of risk, identified by the Summary Risk Indicator set out in the Key Information Document (KID);
♦ Be willing and able to tie up their money for the term of the Plan for the objective of capital growth;
♦ Appreciate the importance of having a spread of investments to reduce concentration risk;
♦ Know and accept that inflation reduces the real value of money and what it can buy;
♦ Accept that if the Counterparty defaults they could lose all their money and any investment return and that they would not have any recourse to the FSCS.
The information provided on this page is not investment advice or an investment recommendation. It is designed to provide some guidance as to the possible future risks and rewards of this Plan.
♦ They do not understand how this investment works;
♦ They are unable, or unwilling, to accept the risks associated with this Plan.
♦ The Plan does not meet their investment objectives.