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IDAD 2 Year Fixed Income


IDAD  2 Year Fixed Income plan – Citi UK and Europe Fixed Income Plan November 2022
IDAD have launched a new 2 Year Fixed Income plan – Citi UK and Europe Fixed Income Plan November 2022.  Please find below a summary of the product, together with a link to obtain further details, along with the Brochure and Key Information Document.
IDAD 2 Year Fixed Income
IDAD Citi UK and Europe Fixed Income Plan November 2022Investment Term: A 2 year term.

Coupon Rate: 8% per annum

Issuer: Citigroup Global Markets Funding Luxembourg

How the Investment works   

This Plan provides investors with the opportunity to earn an unconditional 8% p.a. on the annual payment dates until maturity, irrespective of the performance of the Underlying Indices.

Coupon Observations

IDAD 2 Year Fixed Income

Capital Protection Barrier

65% of the Initial Level. If any Underlying Index is below 65% of its Initial Level on the Final Observation date, capital return will be reduced on a 1-for-1 basis. For example, the worst performing Underlying has fallen to 40% of its initial level, 40% of the capital will be returned. However, if on the Final Valuation Date, all Underlying Indices are at or above 65% of their Initial Levels, capital is protected in full.

About Citigroup: Citigroup Global Markets Limited provides institutional brokerage services. The Company offers treasury, wealth management, and trade financing, as well as private, retail, and corporate banking services. Citigroup Global Markets serves clients Worldwide.

Source: Bloomberg 26.09.2022

Click here for more details of the IDAD Citi UK and Europe Fixed Income Plan – November 2022
Don’t Forget the Risks

As with all forms of investment there are risks involved. Some 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.  It is essential that investors read and understand the risks of the plan(s) which are clarified in the product documentation.

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 liquid or counterparty exposure.

At the Best Price FS price point the IDAD 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.