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View the latest Structured Deposit and Structured Investment plans from the UK's best providers.

Quality Structured Deposit and Structured Investment plans

We can support you on your wealth management journey by supplementing your investment portfolio with structured products solutions. These can offer a higher return than a standard deposit. Our solutions are simple to arrange, non-advised, or a more sophisticated solution that we will tailor to your needs.

What are Structured Products?

Structured Products are pre-packaged investments which provide a return based on the performance of an underlying asset. These are tailored to the needs of investors and designed for those who want to invest for a fixed period and have a degree of protection over their initial capital.

Advised or Non-advised?

Non-advised structured investments are lower risk, straightforward, affordable and easy to arrange for a fee of 0.5% per investment (subject to a minimum fee of £75).

For longer term, higher risk products we will spend time advising you and assessing your risk profile for a fee of 1.5% of the invested capital, (subject to the minimum advice fee of £300).

However, if an investor wants to talk through a non-advised product we can offer our advisory service, subject to a fee.

Definitions

Click on the diagram on the left to display the relevant definitions

Filter our range of structured products

Tempo FTSE 100 EWFD Fixed Growth Deposit Plan: January 2024

The plan is designed to pay a conditional stock market linked, fixed rate of interest on the end date, if the FTSE 100 EWFD closes at or above 95% of the ‘best entry’ start level. The plan is designed to pay a conditional, stock market linked, fixed rate of interest of 36.00% (AER 6.34%) at maturity, if the FTSE 100 EWFD closes at or above 95% of the ‘best entry’ start level on the end date. Over the first three months of the deposit term, the lowest daily closing level of the FTSE 100 EWFD is recorded as the start level of the plan. The plan includes an innovative ‘best entry’ start level feature. This investment is only available on an Advised basis.

Advised

Tempo FTSE 100 EWFD Fixed Growth Deposit Plan: January 2024

Closing Date: Jan 5, 2024
ISA Transfer: Dec 22, 2023

Don't forget the risks

Potential return: 36 % (AER 6.34%) at maturity
Product type: Deposit Based
Investment type: Growth
Market / index link: FTSE 100 EWFD
Counterparty: Societe Generale
Investment term: 5 years
Kick-out / Early maturity: No
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

View plan

Structured deposit plans are deposit-based and will usually be fully protected from stock market risk at the end date and also benefit from the protection of the Financial Services Compensation Scheme, if the bank or building society is a licensed UK deposit taker.

Tempo FTSE 100 EWFD Kick-Out Deposit Plan: January 2024

This plan is a maximum 6-year term structured deposit. The plan will pay a conditional, stock market linked, fixed rate of interest of 7.95% (a maximum AER of 7.15%), that accumulates (in other words, builds up) for each year that the plan runs, and is paid if the FTSE 100 EWFD closes at or above 100% of the start level on one of the kick-out anniversary dates or on the end date. The FTSE 100 EWFD does not need to rise – it simply needs to close at or above the start level. This plan is only available on an Advised basis.

Advised

Tempo FTSE 100 EWFD Kick-Out Deposit Plan: January 2024

Closing Date: Jan 5, 2024
ISA Transfer: Dec 22, 2023

Don't forget the risks

Potential return: 7.95 % for each year that the plan has run
Product type: Deposit Based
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 EWFD
Counterparty: Societe Generale
Investment term: 6 years
Kick-out / Early maturity: Yes
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Tempo FTSE 100 Memory Interest Deposit Plan: January 2024

The plan is a 5-year, fixed term structured deposit. The plan will pay a conditional, stock market linked, fixed rate of interest of 6.20% each year, payable annually throughout the deposit term for each year at which the FTSE 100 closes at or above 100% of the start level on the annual interest dates. The FTSE 100 does not need to rise – it simply needs to close at or above the start level at each annual interest payment date. The plan includes an innovative ‘memory’ feature. If an interest payment is missed due to the closing level of the FTSE 100 being below the level needed on an annual interest date, the plan remembers - and the missed interest can potentially be paid on a future annual interest date. On the next annual interest date at which the FTSE 100 closes at or above 100% of the start level, any missed interest will be paid, together with the interest due on that annual interest date. The plan is only available on an Advised basis.

Advised

Tempo FTSE 100 Memory Interest Deposit Plan: January 2024

Closing Date: Jan 5, 2024
ISA Transfer: Dec 22, 2023

Don't forget the risks

Potential return: 6.2 % each year, payable annually throughout the deposit term
Product type: Deposit Based
Investment type: Growth
Market / index link: FTSE 100
Counterparty: Royal Bank of Canada
Investment term: 5 years
Kick-out / Early maturity: No
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Meteor FTSE Monthly Fixed Income Plan December 2023 (Option 1) - CR8021 FULLY SUBSCRIBED

The Meteor FTSE Monthly Fixed Income Plan December 2023 (Option 1) - CR8021 is a 4 year, 3 week investment offering a Fixed gross income payment of 0.54% payable per month.

Closing Date: Dec 13, 2023
ISA Transfer: Nov 29, 2023

Don't forget the risks

Potential return: 0.54 % payable per month
Product type: Capital at Risk
Investment type: Income
Market / index link: FTSE 100 Index
Counterparty: Credit Agricole CIB
Investment term: 4 years, 3 weeks
Kick-out / Early maturity: No
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Credit Agricole CIB). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor FTSE Monthly Fixed Income Plan December 2023 (Option 2) - CR8022 FULLY SUBSCRIBED

The Meteor FTSE Monthly Fixed Income Plan December 2023 (Option 2) - CR8022 is a 4 year, 3 week investment offering a Fixed gross income payment of 0.525% payable per month.

Closing Date: Dec 13, 2023
ISA Transfer: Nov 29, 2023

Don't forget the risks

Potential return: 0.525 % payable per month
Product type: Capital at Risk
Investment type: Income
Market / index link: FTSE 100 Index
Counterparty: Credit Agricole CIB
Investment term: 4 years, 3 weeks
Kick-out / Early maturity: No
Barrier type: End of Term
Barrier level: 60%

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Meteor FTSE/S&P Annual Step Down to 85 Kick Out Plan December 2023 - CR8043 FULLY SUBSCRIBED

The Meteor FTSE/S&P Annual Step Down to 85 Kick Out Plan December 2023 - CR8043 is a maximum 6-year, 3-week investment offering a Potential gross investment return of 9.85% payable for each year in force from year 1.

Closing Date: Dec 13, 2023
ISA Transfer: Nov 29, 2023

Don't forget the risks

Potential return: 9.85 % payable for each year in force from year 1
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index and S&P 500 Index
Counterparty: Credit Agricole CIB
Investment term: 6 -years, 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 60%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and S&P 500 Index and also depend on the financial stability of the issuer and counterparty bank (Credit Agricole CIB). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor FTSE Annual 100 Kick Out Plan December 2023 (Option 1) - BN8049

The Meteor FTSE Annual 100 Kick Out Plan December 2023 (Option 1) - BN8049 is a maximum 5 year, 3 week investment offering a Potential gross investment return of 9.85% payable for each year in force from year 2.

Closing Date: Dec 14, 2023
ISA Transfer: Nov 30, 2023

Don't forget the risks

Potential return: 9.85 % payable for each year in force from year 2
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: BNP Paribas
Investment term: 5 years, 3 weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (BNP Paribas). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor FTSE Annual 100 Kick Out Plan December 2023 (Option 2) - BN8050

The Meteor FTSE Annual 100 Kick Out Plan December 2023 (Option 2) - BN8050 is a maximum 5 year, 3 week investment offering a Potential gross investment return of 9.65% payable for each year in force from year 2.

Closing Date: Dec 14, 2023
ISA Transfer: Nov 30, 2023

Don't forget the risks

Potential return: 9.65 % payable for each year in force from year 2
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: BNP Paribas
Investment term: 5 years, 3 weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 60%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (BNP Paribas). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor FTSE Annual 90 Kick Out Plan December 2023 - BN8051

The Meteor FTSE Annual 90 Kick Out Plan December 2023 - BN8051 is a maximum 5 year, 3 week investment offering a Potential gross investment return of 8.15% payable for each year in force from year 2.

Closing Date: Dec 14, 2023
ISA Transfer: Nov 30, 2023

Don't forget the risks

Potential return: 8.15 % payable for each year in force from year 2
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: BNP Paribas
Investment term: 5 years, 3 weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (BNP Paribas). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor FTSE Daily 100 Kick Out Plan December 2023 - BN8065

The Meteor FTSE Daily 100 Kick Out Plan December 2023 - BN8065 is a maximum 7-year, 3-year investment offering a Potential Investment Return of 8.55% p.a. based on days in force, payable after year 2.

Closing Date: Dec 14, 2023
ISA Transfer: Nov 30, 2023

Don't forget the risks

Potential return: 8.55 % p.a. based on days in force, payable after year 2
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: BNP Paribas
Investment term: 7 -years, 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (BNP Paribas). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor FTSE Daily 90 Kick Out Plan December 2023 - BN8066

The Meteor FTSE Daily 90 Kick Out Plan December 2023 - BN8066 is a 7-year, 3-week investment plan offering a Potential gross investment return equivalent to 7.65% pa based on days in force, payable after year 3.

Closing Date: Dec 14, 2023
ISA Transfer: Nov 30, 2023

Don't forget the risks

Potential return: 7.65 % p.a. based on days in force, payable after Year 3
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: BNP Paribas
Investment term: 7 years, 3 weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (BNP Paribas). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor Fixed Growth Recallable Plan January 2024 (Option 1) - CR8104

The Meteor Fixed Growth Recallable Plan January 2024 (Option 1) - CR8104 is a maximum 10-years, 3-weeks investment offering a Fixed gross investment return of 7.50% payable for each year in force from year 2.

Closing Date: Jan 4, 2024
ISA Transfer: Dec 18, 2023

Don't forget the risks

Potential return: 7.5 % payable for each year in force from year 2
Product type: Capital Protected
Investment type: Callable
Market / index link: N/A
Counterparty: Credit Agricole CIB
Investment term: 10 -years, 3-weeks
Kick-out / Early maturity: No
Barrier type: Capital Protected
Barrier level: 0%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the N/A and also depend on the financial stability of the issuer and counterparty bank (Credit Agricole CIB). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor Fixed Growth Recallable Plan January 2024 (Option 2) - CR8105

The Meteor Fixed Growth Recallable Plan January 2024 (Option 2) - CR8105 is a a maximum 5-years, 3-weeks investment offering a Fixed gross investment return of 6% payable for each year in force from year 2.

Closing Date: Jan 4, 2024
ISA Transfer: Dec 18, 2023

Don't forget the risks

Potential return: 6 % payable for each year in force from year 2
Product type: Capital Protected
Investment type: Callable
Market / index link: N/A
Counterparty: Credit Agricole CIB
Investment term: 5 -years, 3-weeks
Kick-out / Early maturity: No
Barrier type: Capital Protected
Barrier level: 0%

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Meteor FTSE Quarterly 85 Income Kick Out Plan January 2024 - MS8099

The Meteor FTSE Quarterly 85 Income Kick Out Plan January 2024 - MS8099 is a maximum 9-years, 3-weeks investment offering a Potential gross income of 2.03% per quarter.

Closing Date: Jan 15, 2024
ISA Transfer: Dec 29, 2023

Don't forget the risks

Potential return: 2.03 % gross per quarter
Product type: Capital at Risk
Investment type: Income/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Morgan Stanley
Investment term: 9 years, 3 weeks
Kick-out / Early maturity: No
Barrier type: End of Terms
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Morgan Stanley). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

MB Structured Investments UK/US Defensive Kick Out Plan December 2023 - BA8016

The MB Structured Investments UK/US Defensive Kick Out Plan December 2023 - BA8016 is a maximum 5-years, 3-week investment offering a fixed gross investment return of 10.10% payable for each year in force from year 1.

Closing Date: Dec 11, 2023
ISA Transfer: Nov 27, 2023

Don't forget the risks

Potential return: 10.1 % payable for each year in force from year 1
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index & S&P 500 Index
Counterparty: Barclays Bank plc
Investment term: 5 -years, 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index & S&P 500 Index and also depend on the financial stability of the issuer and counterparty bank (Barclays Bank plc). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Mariana 10:10 Plan FTSE CSDI Version December 2023 (Option 1)

This is a maximum ten-years two-weeks plan based on the performance of the FTSE™ Custom 100 Synthetic 3.5% Dividend Index (FTSE CSDI), the Underlying Asset. The Plan is constructed to offer a Potential Return of 9.25% for each year the Plan runs, paid gross, with the possibility of early maturity and the full repayment of Initial Capital from the end of the Plan’s second year and annually thereafter. The Potential Return is only payable if the Plan kicks out.

Closing Date: Dec 15, 2023
ISA Transfer: Nov 29, 2023

Don't forget the risks

Potential return: 9.25 % per annum
Product type: Capital at Risk
Investment type: Growth/Auto-Call
Market / index link: FTSE CSDI
Counterparty: Morgan Stanley
Investment term: 10 -years 2-weeks
Kick-out / Early maturity: Yes
Barrier type: End of term
Barrier level: 70%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE CSDI and also depend on the financial stability of the issuer and counterparty bank (Morgan Stanley). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Mariana 10:10 Plan FTSE CSDI Version December 2023 (Option 2)

This is a ten-year two-week Plan based on the performance of the FTSE™ Custom 100 Synthetic 3.5% Dividend Index, the Underlying Asset. The Plan is constructed to offer a Potential Return of 10.20% for each year the Plan runs, paid gross, with the possibility of early maturity and the full repayment of Initial Capital from the end of the Plan’s second year and annually thereafter. The Potential Return is only payable if the Plan kicks out.

Closing Date: Dec 15, 2023
ISA Transfer: Nov 29, 2023

Don't forget the risks

Potential return: 10.2 % per annum
Product type: Capital at Risk
Investment type: Growth/Auto-Call
Market / index link: FTSE CSDI
Counterparty: Morgan Stanley
Investment term: 10 -years 2-weeks
Kick-out / Early maturity: Yes
Barrier type: End of term
Barrier level: 70%

View plan

Mariana 10:10 Plan FTSE CSDI Version December 2023 (Option 3)

This is a ten-year two-week Plan based on the performance of the FTSE™ Custom 100 Synthetic 3.5% Dividend Index, the Underlying Asset. The Plan has three options and is constructed to offer a Potential Return of 11.40% and repayment of Initial Capital from the end of the Plan’s second year and annually thereafter. The Potential Return is only payable if the Plan kicks out.

Closing Date: Dec 15, 2023
ISA Transfer: Nov 29, 2023

Don't forget the risks

Potential return: 11.4 % per annum (paid gross)
Product type: Capital at Risk
Investment type: Growth/Auto-Call
Market / index link: FTSE CSDI
Counterparty: Morgan Stanley
Investment term: 10 -years 2-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 70%

View plan

Mariana FTSE 100 Income Kick Out Plan - December 2023 FULLY SUBSCRIBED

The Mariana FTSE 100 Income Kick Out Plan - December 2023 is a seven year, two week Plan based on the performance of the FTSE 100 Index , the Underlying. The Plan is constructed to offer a Potential Income of 1.9% per quarter (7.6% p.a.) providing the Closing Price of the Underlying is at or above 75% of the Start Level on a quarterly Observation Date.

Closing Date: Dec 15, 2023
ISA Transfer: Nov 29, 2023

Don't forget the risks

Potential return: 1.9 % per quarter (7.6% p.a.)
Product type: Capital at Risk
Investment type: Income/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: BNP Paribas
Investment term: 7 years, 2 weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (BNP Paribas). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Mariana FTSE 100 Super Defensive Kick Out Plan - January 2024

The Mariana FTSE 100 Super Defensive Kick Out Plan - January 2024 is a seven year, two week Plan based on the performance of the FTSE™ 100 Index, the Underlying Asset. The Plan is constructed to offer a Potential Return of 7.40% for each year the Plan runs with the possibility of early maturity and the full repayment of Initial Capital from the end of the Plan’s third year and annually thereafter. The Potential Return is only payable if the Plan kicks out.

Closing Date: Jan 12, 2024
ISA Transfer: Dec 27, 2023

Don't forget the risks

Potential return: 7.4 % for each year that the plan runs, only payable if the Plan kicks out
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Credit Agricole CIB
Investment term: 7 years, 2 weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 60%

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Causeway Securities US Range Accrual Annual Income Deposit Plan December 2023 CLOSED - FULLY SUBSCRIBED

The Causeway Securities US Range Accrual Annual Income Deposit Plan December 2023 is a 6-year investment where if on the Annual Observation Date the value of the Underlying Asset is within the 75% - 120% Accrual Range, you will receive an income amount of 11%. If the value of the Underlying Asset falls outside of this range no income will be paid for that period.

Closing Date: Dec 12, 2023
ISA Transfer: Nov 28, 2023

Don't forget the risks

Potential return: 11 % p.a.
Product type: Deposit Based
Investment type: Income
Market / index link: S&P 500 Index
Counterparty: Barclays Bank plc
Investment term: 6 -years
Kick-out / Early maturity: No
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Causeway Securities Credit Agricole 8 Year Fixed Return Plan December 2023 - Issuer Callable

The Causeway Securities Credit Agricole 8 Year Fixed Return Plan December 2023 - Issuer Callable is a maximum 8 year investment offering a Potential Investment return of 7.10% for each year the Plan runs, payable if the Issuer calls the Plan early. If the Issuer does not call the Plan early, at Maturity the investor receives a Potential Investment return of 56.8% (7.10% x 8)

Closing Date: Dec 19, 2023
ISA Transfer: Dec 5, 2023

Don't forget the risks

Potential return: 7.1 % for each year that the plan runs, payable is the Issuer calls the Plan early
Product type: Capital Protected
Investment type: Callable
Market / index link: N/A
Counterparty: Credit Agricole CIB
Investment term: 8 years
Kick-out / Early maturity: No
Barrier type: Capital Protected
Barrier level: 0%

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Causeway Securities UK Fixed Monthly Income Deposit Plan - January 2024

The Causeway Securities UK Fixed Monthly Income Deposit Plan - January 2024 is a 5 Year Fixed Income Deposit Plan offering a Potential Return of Fixed income of 0.383% paid monthly (4.60% per annum) over the 5-year term irrespective of the performance of the FTSE 100 Index. The first income payment made to the Plan Administrator will be 26 February 2024 and monthly thereafter. This plan is only available on an Advised basis.

Advised

Closing Date: Jan 5, 2024
ISA Transfer: Dec 22, 2023

Don't forget the risks

Potential return: 0.383 % per month (4.60% per annum)
Product type: Capital Protected
Investment type: Income
Market / index link: FTSE 100 Index
Counterparty: Royal Bank of Canada
Investment term: 5 years
Kick-out / Early maturity: No
Barrier type: Capital Protected
Barrier level: 0%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Royal Bank of Canada). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Arcus 6Y US Defensive Step-Down Kick-Out Deposit Plan (BB10)

The Arcus 6Y US Defensive Step-Down Kick-Out Deposit Plan (BB10) is a maximum 6 year plan offering a Potential Interest rate of 6.10% per annum.

Closing Date: Dec 28, 2023
ISA Transfer: Dec 19, 2023

Don't forget the risks

Potential return: 6.1 % per annum
Product type: Deposit Based
Investment type: Growth/Kick-Out
Market / index link: S&P 500 Index
Counterparty: Barclays Bank plc
Investment term: 6 years
Kick-out / Early maturity: Yes
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

View plan

Product Providers

Don’t forget the risks

All investments carry risk. It is identifying those risks, understanding how they may affect an investment and assessing whether an investment is suitable for your circumstances that is important.

The potential returns of most structured products and repaying the money invested are usually linked to the level of a stock market index and also depend on the financial stability of the issuer and counterparty bank. You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

You should always read the relevant plan brochure and any other plan documentation, for full details of a plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document (‘KID’), that you should consider, before deciding to invest in a plan.

Structured products should only be considered as part of a diversified and balanced portfolio.

Below is a summary of some of the main risks usually associated with an investment in structured products plans:

Market risk to potential returns

Whether or not a plan generates the potential returns for investors usually depends on the closing level of the relevant index on the relevant dates for the plan, i.e. the kick-out anniversary dates for kick-out products; the early maturity dates and end dates for growth products; the annual income dates for income products.

If the index closes below the level needed, for the plan or plan options chosen, on all of the relevant dates, the plan or plan options will not generate a return.

Market risk to repayment of money invested in 'Capital-at-Risk' plans

If the closing level of the relevant index is below the level needed on all of the kick-out anniversary dates or early maturity dates, if relevant for the plan or plan options chosen, and on the end date, repaying the money invested at maturity will usually depend on the closing level of the index on the end date..

Different structured products use different types of protection barriers. Some products use barriers that are observed every day that can therefore be breached on any day during the investment term, while some products use barriers that are only observed at the end of the investment term and that cannot therefore be breached during the investment term.

Market risk to the repayment of money invested on the end date will depend on the type of barrier and its level.

For example, for a product with an end of term barrier, set at 60% of the start level, if the index for the plan closes at or above 60% of the start level, on the end date, money invested will be repaid in full (less any agreed adviser fees and withdrawals). However, if on the end date the index closes below 60% of the start level, the amount of money repaid (less any agreed adviser fees and withdrawals) will be reduced by the amount that the index has fallen. For example, if the index has fallen by 45%, the repayment of money invested will be reduced by 45% (meaning that investors will get 55% of their investment back).

'Protected' types of structured products

Some structured product plans are designed so that they are 100% protected from stock market risk at the end date.

It is important to understand that even if a structured product plan is designed with 100% protection from stock market risk, at the end date, it will still usually have issuer and counterparty bank risk. In other words, both the potential returns of the plan and repaying the money invested at the end date will depend on the financial stability of the issuer and counterparty bank. If the issuer and counterparty bank become insolvent, or similar, or fail to be able to meet their obligations, it is likely that investors will receive back less than they invested.

Issuer and counterparty bank risk

Both the potential returns and repaying the money invested of most structured products depend on the financial stability of the issuer and counterparty bank. If the issuer and counterparty bank become insolvent, or similar, or fail to be able to meet their obligations, it is likely that investors will receive back less than they invested.

Financial Services Compensation Scheme ('FSCS') protection

It is important to understand that it is not usually possible to claim under the Financial Services Compensation Scheme if the issuer and counterparty bank fail to meet their obligations or if the stock market index that a plan links to falls.

Structured deposits

Structured deposit plans are deposit-based and will usually be fully protected from stock market risk at the end date and also benefit from the protection of the Financial Services Compensation Scheme, if the bank or building society is a licensed UK deposit taker.