| Causeway Securities S&P 500 Kick-Out Deposit Plan – October 2022Potential Investment Return: A 5.36% return on Investment for each year the Plan runs (paid gross), is payable if the Plan Kicks-Out.
Kick-Out Barrier: The Plan will Kick-Out if the respective Closing Level of the Underlying Asset, on any Observation Date, is at or above 100% of its respective Opening Level. In this event an investor will receive their Initial Capital back, plus the Potential Investment Return of 5.36% for each year that the Plan has been in existence.
The first Observation Date on which an early maturity could be triggered will be 21st October 2025, three years after the Start Date.
If the Final Level is below its Opening Level, no Potential Investment Return will be payable at the Maturity Date.
Capital Protection Barrier: Your Initial Capital will be returned in full at Maturity, regardless of the performance of the Underlying Asset. *Subject to Deposit Taker solvency.
Counterparty Risk: The Counterparty of the Securities is Barclays Bank plc. If Barclays Bank plc were to fail or become insolvent, you could lose some of your investment. However, during the Deposit Term, your money is held in an account with the Deposit Taker, i.e. Barclays Bank plc, named James Brearley & Sons Limited Client Account, until the investment matures at the end of the investment term, the Maturity Date. During this period, the FSCS currently covers each eligible investor for up to £85,000 if the Deposit Taker is unable to honour its obligation to investors.
Taxation: It is Causeway Securities’ understanding of current legislation and known HMRC practice that any investment return from a direct investment by individuals or Trusts into this Plan is expected to be subject to Income Tax. Investors should obtain their own tax advice. |
