Hilbert Investments have announced their latest product – Kick Out Series: 3 Stock Defensive Autocall – Issue 6. We detail below a brief summary of the investment but please refer to the Brochure and KID for full details of the plan.
Due the attractive market levels and high coupon rate we are advised that demand for this product has already been high so if you are interested in investing then you may wish to apply early to avoid disappointment if the product closes early.
This product was priced during a very specific window of opportunity so Hilbert may not be able to secure additional units should demand be higher than they initially expected.
Kick Out Series: 3 Stock Defensive Autocall – Issue 6
– Counterparty: Citigroup Global Markets Funding Luxembourg S.C.A. (‘Citigroup’)
– Term: Up to 7 Years
– Underlying: Barclays PLC, Aviva PLC, Vodafone Group PLC
– Semi Annual Autocall Barrier:
– Potential Return: 20% p.a. (10% Semi Annually)
– Capital Protection: 50% European
– Strike date: 12th November 2020
• If you are transferring an existing ISA: 4th November 2020
• If you are paying by cheque: 4th November 2020
• If you are paying by bank transfer: 11th November 2020
For full details and access to the Brochure KID document and application forms please click on the following link:
Don’t Forget the Risks
As with all forms of investment there are risks involved. These plans do not guarantee to repay the money invested. The potential returns of the plans and repaying the money invested are linked to the level of the stock market and also depend on the financial stability of the Issuer and Counterparty Bank.
Past performance is not a guide to future performance and may not be repeated. Investment involves risk. The performance data does not take account of the commissions and costs incurred on the issue and redemption of shares. The value of investments and the income from them may go down as well as up and investors may not get back any of the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rate changes may cause the value of overseas investments to rise or fall.
The promotion of the plans does not constitute ‘advice’ to invest. Advice is always specific to an individual investor’s circumstances and needs, following the process of ‘know your customer’, with the aim of ensuring that any product is suitable for an investor.
As always, the recommendation and common sense approach is to consider product solutions as a portfolio, never over-exposing oneself to a point of financial pain and suffering liquidity or counterparty over exposure.
At the Best Price FS price point (when combined with our smiley and helpful service) the Investec plans are certainly worthy of consideration for inclusion within investment portfolios.
Simply get in touch if you wish to receive regulated advice in relation to the ‘suitability of the plans to meet your investment needs’.
Best Price FS Team