|Causeway Securities FTSE 100 Semi-Annual Kick-Out Plan – June 2022Potential Investment Return: If the Closing Level of the Underlying Asset on any Observation Date before the Maturity Date is at least equal to its Opening Level the Plan will kick out, i.e. mature early, and make a gross investment return for each semi annual Observation Date that the Plan has been in force.
The first Measurement Date will be on 24 June 2025, three years after the Start Date. In the event an early maturity is triggered at this point the investment return payable will be 25.8%.The potential investment return will then increase by 4.3% for each subsequent semi annual Observation Date.
If the Plan has not matured early, and the Closing Level of the Underlying Asset on the Maturity Date (the ‘Final Level’) is at least equal to its Opening Level, the Plan will provide an investment return at the Maturity Date equal to 51.6% of the money you invest. If the Final Level of the Index is below its Opening Level, no investment return will be payable at the Maturity Date.
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 a Potential Investment Return of 4.3% for each semi annual Observation Date that the Plan has been in existence.
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.
Counterparty Risk: If the Counterparty were to fail or become insolvent, you could lose some or all of your investment and any return that may be due, irrespective of the performance of the Underlying Asset.