When you invest in the UK Fixed Income plan you will receive quarterly income payments of 1.40%.
The UK Fixed Income Plan has been structured to provide scheduled quarterly income payments of 1.40% over a five year term (equivalent to 5.6% per annum).
On each income payment date, a fixed payment of 1.40% will be made (equivalent to 5.6% per annum). These income payments are unconditional and do not depend on the performance of any underlying Index.
When the Plan has reached the full five year term, investors will lose a significant proportion of their Initial Investment if the Final Index Level is below 65% of its Initial Index Level on the Investment End Date.
The Counterparty for this Plan is Citigroup Global Markets Ltd. If Citigroup Global Markets Ltd 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
English law governed notes
Citigroup Global Markets Limited (http://www.citigroup.com/). The product issuer is Citigroup Global Markets Funding Luxembourg S.C.A. with a guarantee by Citigroup Global Markets Limited.
The product is designed to provide a return in the form of (1) regular fixed interest payments and (2) a cash payment on the maturity date. The amount of this payment will depend on the performance of the underlying. The product has a fixed term and will terminate on the maturity date. 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.
Interest: On each interest payment date you will receive an interest payment of GBP 0.014. The interest payments are not linked to the performance of the underlying. The relevant dates are shown in the table(s) on the key information document.
Termination on the maturity date: On termination of the product 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 issuer may terminate the product early. These events are specified in the product terms and principally relate to the underlying, 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 does not 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, either independently or through professional advice, and they may have experience of investing in and/or holding a number of similar products providing a similar market exposure;
2. they seek income, expect the movement in the underlying to perform in a way that generates a favourable return and have an investment horizon of the recommended holding period specified in the key information document;
3. they accept the risk that the issuer or guarantor 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 below. The product is not intended to be offered to retail clients who do not fulfil these criteria.
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 directly to us.
Important Plan Dates
Closing Date: 02 June 2023
ISA Transfer closing date: 19 May 2023
> Plan Brochure – UK Fixed Income Plan – CT084
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;
> FATCA – Financial Institutions
> FATCA – Non Financial Foreign Entity
The 3 classifications for investments from trusts are;
> Trusts – Financial Institutions
> Trusts – Individual Owner
> Trusts – Non Financial Foreign Entity
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Is the Walker Crips UK Fixed Income 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 income payments are determined from the outset;
♦ Understand that you will lose, and are able to withstand the loss of, more than 35% of your Initial Investment if the Final Index Level is below 65% of the Initial Index Level on the Investment End Date;
♦ Are looking for income, payable on a quarterly basis throughout the Investment Term;
♦ Are prepared to accept the Counterparty risk of Citigroup Global Markets Ltd. If Citigroup Global Markets Ltd defaults you understand that you could lose your Initial Investment and any income due to you, and you will not have recourse to the FSCS;
♦ Understand that you will not need access to your Initial Investment during the Investment Term. You have other readily accessible funds available to meet your immediate financial needs and for emergencies;
♦ Understand that income payments cannot be reinvested into the Plan;
♦ Understand that you may receive less compared to a direct investment in the underlying Index;
♦ Have a positive view of the performance of the Index over the Investment Term;
♦ Have a minimum of £10,000 to invest (£5,000 for JISA)
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 any income payments 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 Citigroup Global Markets Ltd;
♦ Do not have other readily accessible funds available to meet your immediate financial needs and for emergencies;
♦ Are unable to commit to investing during the 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 the return of your Initial Investment to be dependent on stock market performance;
♦ Do not have a positive view of the performance of the Index during the Investment Term.