| Mariana plans for April 2021. Mariana have launched another tranche of plans for April 2021, including a new 8:8 Plan, a summary of each plan is provided below, . All the plans, apart from the 8:8 Plan, are only available with Advice so please make sure you use the links below to contact us so we can work with you.
The counterparties for these Plans are Credit Agricole Corporate & Investment Bank (Credit Agricole CIB) (the ‘Guarantor’), plus Morgan Stanley B.V. and Morgan Stanley & Co International Plc and you’ll see a description of them below, but again click on the links to see more information.
Thanks for your continued interest in our Investment services and look forward to transacting more business with you shortly. |
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Mariana Triple Index Step Down Kick Out Plan – April 2021
This is a seven year, two week Plan based on the performance of the FTSE™ 100 Index, S&P 500® Index and Euro Stoxx 50® Index, the Underlying Assets. The Plan is constructed to offer a Potential Return of 7% for each year the Plan runs with the possibility of early maturity and the full repayment of Initial Capital after the first year and annually thereafter. The Potential Return is only payable if the Plan kicks out. This plan is a capital at risk plan and only available on an ‘Advised’ basis as required by the Counterparty, Credit Agricole CIB.
Should the Closing Price of all the Underlying Assets 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 after the first year and continue on an annual basis until the Plan’s Maturity Date (from 25 April 2022 to 24 April 2028)
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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 (24 April 2028) the Closing Price of the worst performing Underlying Asset is not more than 35% below the
Start Level.
If on the Maturity Date the Closing Price of the worst performing Underlying Asset is less than 65% of the Start Level (representing a decline of more than 35% from the Start Level), your Initial Capital will be lost at a rate of 1%
for every 1% the Closing Price of the worst performing Underlying Asset is below the Start Level.
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About Credit Agricole: Credit Agricole S.A. operates as a bank holding company. The Company, through its subsidiaries, offers banking and insurance services, as well as designs and manages specialized financial products. Credit Agricole also provides specialized financial services including management and securities, insurance, consumer finance, private banking, and leasing and factoring. The company, which started as an agricultural credit company in 1894, is majority-owned by around 40 French regional consumer banks and together they make up the Crédit Agricole Group.
Crédit Agricole SA handles the group’s more advanced banking functions, such as asset management, investment banking, capital market services, insurance, leasing, private banking, and more. It also operates Le Crédit Lyonais (LCL), one of the biggest retail banks in France, and its international arm oversees activities in Italy, Poland, Egypt, and elsewhere.
Source: Bloomberg, 11 May 2020
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Mariana FTSE CSDI Defensive Income Kick Out Plan – April 2021
This is a ten year Plan based on the performance of the FTSE™ Custom 100 Synthetic 3.5% Dividend Index, the Underlying Asset. The Plan is constructed to offer a Potential Income of 1.125% per quarter providing the Closing Price
of the Underlying is at or above 65% of the Start Level on a quarterly Observation Date. This plan is a capital at risk plan and only available on an ‘Advised’ basis as required by the Counterparty, Morgan Stanley B.V.
If the Closing Price of the Underlying is below 65% of the Start Level on a quarterly Observation Date, no income is paid for that quarter. You will only receive the quarterly Potential Income if the income criteria is fulfilled on a quarterly Observation Date.
To note, if, on every one of the quarterly Observation Dates the income criteria is not fulfilled, you will receive no Potential Income throughout the term of the Plan. The Plan has the possibility to kick out on a quarterly basis from the end of year 2. Should the Closing Price of the Underlying be at or above 105% of the Start Level on any one of the kick out Observation Dates, the Plan will mature early paying the Potential Income for that quarter and returning Initial Capital in full. For the avoidance of doubt, if the Plan kicks out, no more Potential Income will be due.
If the Plan has not already kicked out, Initial Capital will be returned in full at the end of the Plan’s term if on the Maturity Date (16 April 2031) the Finish Level of the Underlying is not more than 35% below the Start Level.
You are at risk of losing your capital if the Closing Price of the Underlying is less than 65% of the Start Level (representing a decline of more than 35% from the Start Level), your Initial Capital will be lost at a rate of 1% for every 1% the Closing Price of the Underlying is below the Start Level.
Important Information:
Return of the Initial Capital you invest is subject to the Issuer and Counterparty not failing (Counterparty Risk, see page 18 for more information).
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About Morgan Stanley B.V.: The Counterparty chosen for this Plan is
Morgan Stanley. Morgan Stanley B.V., an affiliate of Morgan Stanley, 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. Morgan Stanley Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. At the end of Q4 2020, it had a Tier 1 capital ratio of 19.4% and a Common Equity Tier 1 capital ratio of 17.4%*.More information on Morgan Stanley B.V. can be found on their website www.morganstanley.com or by requesting a copy of their prospectus from Mariana. The prospectus contains information and contractual terms for the securities issued by Morgan Stanley B.V. Morgan Stanley acts as Guarantor of the securities issued by Morgan Stanley B.V, which means that Morgan Stanley will make the payments under the securities if Morgan Stanley B.V. is unable to fulfil its payment obligations. You may lose part and up to all your investment if Morgan Stanley B.V. goes into liquidation and defaults on paying your Plan return and the repayment of your Initial Capital. The risk that Morgan Stanley B.V. plc goes into liquidation is called Counterparty Risk.Securities issued by Morgan Stanley B.V. and Morgan Stanley 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.
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Mariana 8:8 Plan FTSE CSDI Version – April 2021
This is an eight year, one week Plan based on the performance of the FTSE™ Custom 100 Synthetic 3.5% Dividend Index, the Underlying Asset. The Plan is constructed to offer a Potential Return of 3.25% for each six-month period the Plan runs (6.5% p.a.) with the possibility of early maturity and the full repayment of Initial Capital from the end of the Plan’s second year and semi-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 six-month
periods the Plan has run.
The Kick Out observations begin on the second anniversary date and continue on a semi-annual basis until the Plan’s Maturity Date (from 28 April 2023 to 30 April 2029). 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 (30 April 2029) the Closing Price of the Underlying Asset is not more than 35% below the Start Level.
If on the Maturity Date the Closing Price of the Underlying Asset is less than 65% of the Start Level (representing a decline of more than 35% 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.
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About Morgan Stanley & Co. International plc: The Counterparty chosen for this Plan is Morgan Stanley & Co. International plc. Morgan Stanley & Co. International plc, an affiliate of Morgan Stanley, 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.
Morgan Stanley & Co. International plc Morgan Stanley & Co. International plc and its subsidiary undertakings are part of a group whose principal activity is the provision of financial services to corporations, governments and financial institutions. Morgan Stanley & Co. International plc is authorised by the Prudential Regulation Authority (“PRA”) and regulated by the PRA and the United Kingdom Financial Conduct Authority. More information on Morgan Stanley & Co. International plc can be found on their website www.morganstanley.com or by requesting a copy of their prospectus from Mariana. The prospectus contains information and contractual terms for the securities issued by Morgan Stanley & Co. International plc.
You may lose part and up to all your investment if Morgan Stanley & Co. International plc goes into liquidation and defaults on paying your Plan return and the repayment of your Initial Capital. The risk that Morgan Stanley & Co.
International plc goes into liquidation is called Counterparty Risk. Securities issued by Morgan Stanley & Co. International plc and Morgan Stanley 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.
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| 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.
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 (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 |
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