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Deadline approaching for Mariana’s new tranche of 10:10 Plans – July 2021

  • Tuesday, June 22, 2021

MARIANA 10:10 PLANS – JULY 2021 UPDATE
 

We thought we would write to remind you that the deadline date for receipt of Applications for this tranche of plans is 9th July, with ISA transfers on 23rd June.

With Market leading headline rates for each of the three Options available, in the current investment environment both Option 2  & Option 3 are proving very popular.

A summary of each plan is provided below.  The Mariana 10:10 Plan (FTSE CSDI Version) – July 2021 Plans – Options 1, 2 & 3 are available on a Non-Advised basis.

As always this is a limited tranche and it Strikes on the 16th July 2021. Combined with great potential returns, Structured Investments like this allow you to put to one side current media commentary/market nerves and focus on the pre-defined outcomes offered to Investors going forward.  Couple this with the fact that you can complete the whole investment process very simply, as there is no need for wet signatures, you can complete each investment with email & scanned documentation plus online Banking, you can however still post your applications if you prefer.

This investment tranche of the Mariana 10:10 (FTSE CSDI Version) Plan – July 2021 is underwritten with Citigroup (S&P A+ Stable) as the chosen Counterparty.

Headline details of the product options are as follows, please refer to the Brochure and KID document for full information on the Plans.

Once again, thank you for your continued interest in our Investment services and look forward to transacting more business with you shortly.
Mariana 10:10 Plan FTSE CSDI Version – July 2021
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 7% in Option 1,
9.20% in Option 2 and 11.20% in Option 3 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 second year and annually thereafter. The Potential Return is only payable if the Plan kicks out.Should the Closing Price of the Underlying Asset on an Observation Date be at or above the Kick Out Trigger Level, the Plan will mature early, repaying your Initial Capital plus the Potential Return multiplied by the number of years the Plan has run.

The Kick Out observations begin on the second anniversary date and continue on an annual basis until the Plan’s Maturity Date (from 16 July 2023 to 16 July 2031). If the Plan has not already kicked out, Initial Capital will be repaid in full at the end of the Plan’s term if on the Maturity Date (16 July 2031) the Closing Price of the Underlying Asset is not more than 30% below the Start Level.

If on the Maturity Date the Closing Price of the Underlying Asset is less than 70% of the Start Level (representing a decline of more than 30% from the Start Level), your Initial Capital will be lost at a rate of 1% for every 1% the Closing Price of the Underlying Asset is below the Start Level.
Click here for more details of the Mariana 10:10 Plan (FTSE CSDI Version) – July 2021 OPTION 1
Click here for more details of the Mariana 10:10 Plan (FTSE CSDI Version) – July 2021 OPTION 2
Click here for more details of the Mariana 10:10 Plan (FTSE CSDI Version) – July 2021 OPTION 3
About Citigroup Global Markets Limited: The Counterparty chosen for this Plan is Citigroup Global Markets Limited (GGML), Citigroup Global Markets Funding Luxembourg S.C.A, an affiliate of CGML, is the issuer of the underlying investments that are purchased on your behalf with the money you have invested. The investments are constructed to generate the terms described in this Brochure.
CGML.CGML is Citi’s international broker-dealer and is headquartered in London.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

More information on Citi can be found on their website www.citigroup.com or by requesting a copy of their prospectus from Mariana.

The prospectus contains information and contractual terms for the securities issued by Citigroup Global Markets Funding Luxembourg S.C.A. CGML acts as Guarantor of the securities issued by Citigroup Global Markets Funding Luxembourg S.C.A, which means that CGML will make the payments under the securities if Citigroup Global Markets Funding Luxembourg S.C.A is unable to fulfil its payment obligations.

You may lose part and up to all your investment if CGML goes into liquidation and defaults on paying your Plan return and the repayment of your Initial Capital. The risk that CGML goes into liquidation is called Counterparty Risk.

Securities issued by Citigroup Global Markets Funding Luxembourg S.C.A and CGML are not covered by the Financial Services Compensation Scheme (FSCS). Therefore if the Issuer and/or the Guarantor become insolvent you would not be covered by the FSCS.
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 Mariana Plans are certainly worthy of consideration for inclusion within investment portfolios.

Warmest Regards.

Best Price FS Team
Advice: Simply click here to get in touch if you wish to receive regulated advice in relation to the ‘suitability’ of the plans to meet your investment needs.