|Causeway Securities FTSE 100 Quarterly Income Plan – October 2021
Potential Investment Return: If the Closing Level of the Underlying Asset on any Observation Date is at least equal to 80% of its Opening Level, the Plan will pay a gross income of 1.125% for that quarter. No income will be payable for a quarter if the Closing Level of the Underlying Asset is below 80% of its Opening Level on the Observation Date. The first quarterly Observation Date will be on 17 January 2022, three months after the Start Date. If the kick-out condition is met (see below), income will be paid in respect of that quarter and the Plan will mature early. No further income payments will then be payable.
Kick-Out Level: 105% of the Opening Level on the Start Date.
Kick-Out Barrier: From Year 2, the Plan will Kick-Out if the respective Closing Level of the Underlying Asset, on any Observation Date, is at or above 105% of its respective Opening Level. In this event an investor will receive their Initial Capital back, plus a final Investment Return of 1.125%. The first Observation Date on which an early maturity could be triggered will be 16th October 2023, two years after the Start Date.
Capital Protection Barrier: 65% of the Opening Level (observed on the Final Observation Date of the Plan only). If on the Final Observation Date the Closing Level of the Underlying Asset is less than 65% of its Opening Level (representing a decline of more than 35% from the Opening Level), your Initial Capital will be lost at a rate of 1% for every 1% that the Final Level of the Underlying Asset is below its Opening Level.