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HILBERT – launch new tranche of their FTSE 100 EW45 CONDITIONAL MEMORY AUTOCALL
We write to inform you that Hilbert have announced the launch a new tranche of their Income Series: FTSE 100 EW45 Conditional Memory Autocall Plan.

As you are already aware from the previous tranche they are using a new index due to exclusivity of the FTSE 100 Equal Weight Fixed Dividend Custom Index returning to SG/Tempo. However as you can see in the screenshot below the correlation between two indices  is 1 for 1.


A summary of the Income series: FTSE 100 EW45 Conditional Memory Autocall – Issue 2

  • Term:  Up to 10 Years
  • Counterparty: Citigroup Global Markets Funding Luxembourg S.C.A. (‘Citigroup’)
  • Underlying: FTSE 100 Equally Weighted 45 Point Decrement Index FTSE Decrement Index Series | FTSE Russell
  • Income potential: 2.125% per quarter (with memory feature to regain any missed income payments).
    Quarterly observation
    80% coupon barrier
  • Capital Protection: 60% European
  • Quarterly autocall feature: 105% starting from year 2
  • Strike date: 4th August 2022

About Citigroup: Citigroup, acting through its Luxembourg entity Citigroup Global Markets Funding Luxembourg S.C.A. (“CGMFL”).

Long-term credit ratings for Citigroup Credit ratings and outlooks are subject
to change at any time. For the latest credit ratings, please visit www.citigroup.com/citi/investor/data/rate161219.pdf?ieNocache=377

Citigroup is a publicly traded company, with shares listed in New York. More
information on the company can be found at www.citigroup.com The payment
and delivery of all amounts due in respect of the Notes issued by CGMFL
will be unconditionally and irrevocably guaranteed by Citigroup Global Markets
Limited (“CGML”).

Full details can be found on Page 5 of the Brochure.

Hilbert Income Series: FTSE 100 EW45 Quarterly Memory Autocall : Issue 2 –  August 2022

Investment Term: Up to 10 years. However, the Plan will mature early from 5th August 2024 if certain criteria are met (see “Early Maturity” below).

Income: You will receive an income payment of 2.125% for each Quarterly Measurement Date that the Closing Level of the Underlying Asset is at least equal to 80% of its Opening Level. The income is paid gross. If the Closing Level of the Underlying Asset is below 80% of its Opening Level on a Quarterly Measurement Date, no income will be paid for that quarter. However the Memory Feature means that any missed income payments are carried forward to future Quarterly Observation Dates together with the income payment due for that quarter. Once the Plan has matured, no further income will be paid.

Early Maturity: The Plan will mature early if the Closing Level of the Underlying Asset is at least equal to 105% of its Opening Level on any Quarterly Measurement Date from 5th August 2024. If this happens, you will receive the income payment for that quarter, and the repayment of your original investment in full at this point.

Repayment of your investment if no early maturity: If the Final Level of any of the Underlying Assets is more than 40% below its Opening Level, you will receive back significantly less than your original investment. The amount of your investment you receive back will be reduced by the same percentage amount that the worst performing Underlying Asset has fallen in value from the Start Date.

Quarterly Measurement Date: The first Quarterly Measurement Date will be on 4th November 2022. After that, the Quarterly Measurement Dates will be the 4th of February, May, August and November up to the Final Valuation Date. If a Quarterly Measurement Date falls on a non-Business Day, then the Closing Level of the Underlying Asset will be recorded on the next business day. The first Quarterly Measurement Date on which an early maturity could be triggered will be on 5th August 2024.

Start Date: 4th August 2022. This is the date that the Opening Level of the Underlying Asset is recorded (the official index closing level).

Maturity Date: 18th August 2032 (10 Business Days immediately following the Final Valuation Date, which is the date the Final Level of the Underlying Assets are recorded).

Click here for more details of the Hilbert Income Series: FTSE 100 EW45 Quarterly Memory Autocall : Issue 2 –  August 2022
Don’t Forget The RisksAs 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 the Hilbert Plans are certainly worthy of consideration for inclusion within investment portfolios.

We would like to thank you for your continued interest in our Investment services and look forward to receiving your continued support.

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.