We are currently able to accept postal applications, however given the current circumstances we would suggest sending applications to us by e-mail if you can. The funds for your investment should be transferred direct to the investment company so they have cleared funds by the closing date. Account details for transferring funds are included on all application forms. Please send completed application forms and appropriateness questionnaires to us at email@example.com. We will confirm receipt of your application within one working day.
If you have opted to pay your fee separately we will provide you with our account details when confirming receipt of your application.
When you invest in the UK Conditional Income Kick Out Plan, you may receive quarterly income payments of 1.15% for each quarter that has elapsed since the Investment Start Date, depending on the performance of the FTSE 100 Index
The full Investment Term is eight years, however, the Plan has the potential to mature early (kick-out) from the end of year 1 and quarterly thereafter.
If the FTSE 100 Index is at or above 75% of the Initial Index Level on an Observation Date, the Plan will pay income of 1.15% of your Initial Investment. However, if the Closing Level of the Index is below 75% of the Initial Index Level, on an Observation Date, you will receive no income payment (as detailed on page 5 of the brochure).
If the FTSE 100 Index is at or above 105% of the Initial Index Level on an Observation Date, the Plan will mature early (kick-out) and repay your Initial Investment plus a final income payment (as detailed on page 6 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.
The Counterparty for this Plan is Credit Suisse AG. If Credit Suisse AG were to fail or become insolvent, you could lose some or all of your investment, irrespective of the performance of the FTSE 100 Index.
Other Key Information
English Law Governed Notes
Credit Suisse International (www.credit-suisse.com/derivatives). The product issuer is Credit Suisse AG, acting through its London Branch. Call +44 207 883 1900 for more information.
The product is designed to provide a return in the form of (1) conditional interest payments and (2) a cash payment on termination of the product. The timing and amount of these payments will depend on the performance of the underlying. The product has a fixed term and will terminate on the maturity date, unless terminated early. If, at maturity, the final reference level of the underlying has fallen below the barrier level, the product may return less than the product notional amount or even zero.
Early termination following an autocall: The product will terminate prior to the maturity date if, on any autocall observation date, the reference level is at or above the autocall barrier level. On any such early termination, you will on the immediately following autocall payment date receive, in addition to any final interest payment, a cash payment equal to the autocall payment of GBP 1.00. No interest payments will be made on any date after such autocall payment date. The relevant dates are shown in the table(s) on the key information document.
Interest: If the product has not terminated early, on each interest payment date you will receive an interest payment of GBP 0.0115 if the reference level is at or above the interest barrier level on the immediately preceding interest observation date. If this condition is not met, you will receive no interest payment on such interest payment date. The relevant dates are shown in the table(s) on the key information document.
Termination on the maturity date: If the product has not terminated early, on the maturity date you will receive:
1. if the final reference level is at or above the barrier level, a cash payment equal to GBP 1.00; or
2. if the final reference level is below the barrier level, a cash payment directly linked to the performance of the underlying. The cash payment will equal (i) the product notional amount multiplied by (ii) (A) the final reference level divided by (B) the strike level.
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 product issuer may terminate the product early. These events are specified in the product terms and principally relate to the underlying, the product and the product 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
The product is intended to be offered to retail investors who fulfil all of the criteria below:
1. they have the ability to make an informed investment decision through sufficient knowledge and understanding of the product and its specific risks and rewards, with experience of investing in and/or holding a number of similar products providing a similar market exposure, either independently or through professional advice;
2. they seek income, expect the movement in the underlying to perform in a way that generates a favourable return, have an investment horizon of the recommended holding period specified in the key information document 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 and they are able to bear a total 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.
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: 23 October 2020
Stocks & Shares ISA Transfer closing date: 02 October 2020
Cash ISA Transfer closing date: 09 October 2020
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 Conditional Income 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 any potential income 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 either Index is below 60% of its Initial Index Level on the Investment End Date;
♦ Are looking for potential income payments from your Initial Investment, payable on a quarterly basis throughout the Investment Term;
♦ Understand that any potential income payments are determined by the Closing Level of the FTSE 100 Index at specified dates throughout the Investment Term;
♦ Understand that you will receive no income payment where the Final Index Level of the FTSE 100 Index is below 75% of their Initial Index Level on any Observation Date.
♦ Are prepared to accept the Counterparty risk of Credit Suisse AG. If Credit Suisse AG defaults you understand that you could lose your Initial Investment and you will not have recourse to the FSCS;
♦ Understand the Investment Term and you will not need access to your Initial investment for eight 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;
♦ Have a positive view of the performance of the FTSE 100 Index over the next eight years;
♦ Have a minimum of £10,000 to invest
This investment may not be right for you if:
♦ Are unsure how the Plan works or how the potential income is 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 Credit Suisse AG;
♦ 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 eight year Investment Term;
♦ Would like to receive potential growth from your Initial Investment throughout 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 income to be dependent on stock market performance;
♦ Do not have a positive view of the performance of FTSE 100 Index over the next eight years.