When you invest in the Walker Crips UK 95% Semi Annual Kick Out Plan, you may receive an accumulated return of 3.625% per semi annual period of your investment depending on the performance of the FTSE 100 Index.
The full Investment Term is seven years, however, the Plan has the potential to mature early (kick-out) from the second anniversary and every six months thereafter.
If the FTSE 100 Index is at or above 95% of the Initial Index Level on an Anniversary Date, the Plan will mature early (kick-out) and repay your Initial Investment plus a defined return (as outlined on page 5 of the brochure).
You will receive back significantly less than you initially invested if the Closing Level of the FTSE 100 Index is below 60% of its Initial Index Level on the Investment End Date.
BNP Paribas Issuance B.V. is the Issuer for this Plan, a subsidiary of BNP Paribas. If BNP Paribas were to fail or become insolvent, you could lose some or all of your Initial Investment and any return that may be due, irrespective of the performance of any Index.
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 informatio
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 95% of the Initial Reference Price: a payment in cash equal to 150.75% of the Notional Amount.
2. If the Final Reference Price is less than 95% 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 Autocall Valuation Date, the closing price of the Underlying is greater than or equal to 95% of the Initial Reference Price, 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 closing price of the Underlying on the Redemption Valuation Date.
The product terms provide that if certain exceptional events occur (1) adjustments may be made to the product and/or (2) the Issuer of the product may terminate the product early. These events are specified in the product terms and principally relate to the Underlying(s), the product and the Issuer of the product. 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.
All redemptions described in the key information document (including potential gains) are calculated on the basis of the Notional Amount, excluding costs, social contributions and taxation applicable to this type of investment.
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
How do I invest?
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: 17 March 2023
ISA Transfer closing date: 03 March 2023
Other application forms
When completing an Application Form for either a Company or Trust, Walker Crips also require the appropriate FATCA Addendum completed and submitted.
The two classifications for company investments are as follows;
The 3 classifications for investments from trusts are;
Is the Walker Crips UK 95% Semi Annual Kick Out Plan right for me?
This Plan may be right for you if:
♦ Understand the specific features and risks highlighted in the Plan documentation and are able to make an informed investment decision based on the information provided within the authorised documentation, including this brochure and the Key Information Document (KID);
♦ Understand how the Plan works and that your return will be based on predetermined calculations;
♦ Understand that you will lose, and are able to withstand the loss of, more than 40% of your Initial Investment if the Final Index Level of the Index is below 60% of the Initial Index Level on the Investment End Date;
♦ Are looking for a potential return from your Initial Investment, payable at the end of the Investment Term, and do not require an income from your Initial Investment throughout the Investment Term;
♦ Understand that any potential return is determined by the Closing Level of the FTSE 100 Index at specified dates throughout the Investment Term;
♦ Understand that you will receive no return at all where the Final Index Level of the
FTSE 100 Index is below 95% of the Initial Index Level;
♦ Are prepared to accept the Counterparty risk of BNP Paribas. If BNP Paribas defaults you understand that you could lose your Initial Investment and any potential returns due to you, and you will not have recourse to the FSCS;
♦ Understand the Investment Term and you will not need access to your Initial Investment for seven years. You have other readily accessible funds available to meet your immediate financial needs and for emergencies;
♦ Accept the possibility that the Plan may mature early if certain conditions are met;
♦ Understand that if the Index performs better than the maximum potential return offered by the Plan over the Investment Term, you may receive less than you would have received had you invested directly in the FTSE 100 Index;
♦ Have a positive view of the performance of the FTSE 100 Index over the next seven years;
♦ Have a minimum of £10,000 to invest.
This investment may not be right for you if:
♦ Are unable to make an informed investment decision based on the information provided within the authorised documentation, including this brochure and the Key Information Document (KID);
♦ Are unsure how the Plan works or how the potential returns are calculated;
♦ Cannot afford to put your Initial Investment at risk, or are uncomfortable in putting your Initial Investment at risk;
♦ Are not prepared to accept the Counterparty risk of BNP Paribas;
♦ Do not have other readily accessible funds available to meet your immediate financial needs and for emergencies;
♦ Are unable to commit to investing your Initial Investment for the seven year Investment Term;
♦ Would like to receive income from your Initial Investment during the Investment Term;
♦ Would like to add to your investment from time to time or at regular intervals over the Investment Term;
♦ Do not want your potential returns to be dependent on stock market performance;
♦ Do not have a positive view of the performance of the FTSE 100 Index over the next seven years.