| Causeway Securities S&P 500 Kick-Out Deposit Plan – December 2022Potential Investment Return: A 7.3% 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 7.3% for each year that the Plan has been in existence.
The first Observation Date on which an early maturity could be triggered will be 9th December 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.
Deposit Taker: Barclays Bank PLC, known as Barclays International, is the international and investment banking unit of Barclays PLC. The business encompasses Barclays’ corporate and investment banking businesses, its Global Barclaycard division, and the Private Bank & Overseas business. It also includes Head Office and Treasury functions. Clients include corporates, consumers, wealthy individuals, institutions, and governments. The company conducts much of its business through London and New York, the world’s leading finance centres. In 2018, Barclays PLC ring-fenced its UK retail and smaller corporate banking division as Barclays Bank UK PLC, leaving Barclays Bank PLC to handle its larger corporate, wholesale, and international banking clients.
Barclays has the following credit ratings from the major rating agencies: S&P A, Moody’s A1, Fitch A+. If you are unsure of the implications of the Deposit Taker Risk (see Risk section on page 9), your adviser will be able to discuss it in more detail.
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. |
