Compare Structured Products

View the latest Structured Deposit and Structured Investment plans from the UK's best providers.

We provide Structured Products to both private and corporate investors on an advised and non-advised basis. Straightforward, affordable and an arrangement fee of just **0.5%* per investment**, (subject to the minimum fee of £75, non-advised) and 1.5% of the invested capital, (subject to the minimum advice fee of £300)

We can help you make the most of your money and where advice is taken ensure the product is suitable to meet your investment needs and goals.

Filter our range of structured products

Meteor FTSE Daily Kick-Out Plan January 2021

A maximum seven-year three-week investment offering a potential gross investment return of 7% per annum payable daily from year 2. The capital and investment return are linked to the performance of the FTSE 100 Index.

Advised

Meteor FTSE Daily Kick-Out Plan January 2021

Closing Date: Jan 27, 2021
ISA Transfer: Jan 13, 2021

Don't forget the risks

Potential return: 7 % pa payable daily from year 1
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Goldman Sachs International
Investment term: 7 years 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Goldman Sachs International). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor FTSE Kick Out Plan January 2021

A maximum eight-year three-week investment offering a potential gross investment return of 7.20% per annum, for each completed year that the Plan has been in force from year 1. The capital and investment return are linked to the performance of the FTSE 100 Index.

Advised

Closing Date: Jan 27, 2021
ISA Transfer: Jan 13, 2021

Don't forget the risks

Potential return: 7.2 % per annum
Product type: Capital at Risk
Investment type: Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Credit Agricole CIB
Investment term: 8 years 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of term
Barrier level: 65%

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Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Credit Agricole CIB). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor FTSE Quarterly Contingent Income Plan January 2021

A maximum ten-year three-week investment offering the potential to pay a gross income of 1.25% per quarter, if the Closing Level of the Index on any Quarterly Measurement Date is at least equal to 85% of its Opening Level, The capital and investment return are linked to the performance of the FTSE 100 Index.

Advised

Meteor FTSE Quarterly Contingent Income Plan January 2021

Closing Date: Jan 27, 2021
ISA Transfer: Jan 13, 2021

Don't forget the risks

Potential return: 1.25 % gross income
Product type: Capital at Risk
Investment type: Income/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Credit Agricole CIB
Investment term: 10 years 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Credit Agricole CIB). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Meteor FTSE Step Down Kick-Out Plan January 2021

A maximum 8-years 3-week investment offering a potential gross investment return of 5.25% payable for each year the plan has been in force.

Advised

Meteor FTSE Step Down Kick-Out Plan January 2021

Closing Date: Jan 27, 2021
ISA Transfer: Jan 13, 2021

Don't forget the risks

Potential return: 5.25 % per annum
Product type: Capital at Risk
Investment type: Auto-Call/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Credit Agricole CIB
Investment term: 8 years 3 weeks
Kick-out / Early maturity: Yes
Barrier type: End of term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Credit Agricole CIB). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

MB Structured Investments UK Growth Kick Out Plan January 2021

The MB Structured Investments UK Growth Kick Out Plan January 2021 is a maximum six-year three-week investment offering a potential gross investment return of 8% for each year that the plan has been in force from year 1.

Closing Date: Jan 27, 2021
ISA Transfer: Jan 13, 2021

Don't forget the risks

Potential return: 8 % for each year in force from year 1
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Barclays Bank plc
Investment term: 6 years 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Barclays Bank plc). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

MB Structured Investments UK Kick Out Plan January 2021

The MB Structured Investments UK Kick Out Plan January 2021 is a maximum six-year three-week investment offering a potential gross investment return of 7% for each year that the plan has been in force from year 1.

Closing Date: Jan 27, 2021
ISA Transfer: Jan 13, 2021

Don't forget the risks

Potential return: 7 % for each year in force from year 1
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Barclays Bank plc
Investment term: 6 years 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Barclays Bank plc). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

MB Structured Investments UK Quarterly Contingent Income Plan January 2021

The MB Structured Investments UK Quarterly Contingent Income Plan January 2021 is a maximum six-year three-week investment offering a potential gross income payment of 1% per quarter.

Closing Date: Jan 27, 2021
ISA Transfer: Jan 13, 2021

Don't forget the risks

Potential return: 1 % per quarter
Product type: Capital at Risk
Investment type: Income/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Barclays Bank plc
Investment term: 6 years 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Barclays Bank plc). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

MB Structured Investments UK Step Down Kick Out Plan January 2021

The MB Structured Investments UK Step Down Kick Out Plan January 2021 is a maximum six-year three-week investment offering a potential gross investment return of 5.50% for each year in force from year 1.

Closing Date: Jan 27, 2021
ISA Transfer: Jan 13, 2021

Don't forget the risks

Potential return: 5.5 % for each year in force from year 1
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Barclays Bank plc
Investment term: 6 years 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Barclays Bank plc). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

MB Structured Investments UK Supertracker Plan January 2021

The MB Structured Investments UK Supertracker Plan January 2021 is a maximum six-year three-weeks investment offering a potential gross investment return of up to 48% after 6 years.

Closing Date: Jan 27, 2021
ISA Transfer: Jan 13, 2021

Don't forget the risks

Potential return: 10 times any rise (capped at 48%)
Product type: Capital at Risk
Investment type: Growth
Market / index link: FTSE 100 Index
Counterparty: Barclays Bank plc
Investment term: 6 years 3-weeks
Kick-out / Early maturity: No
Barrier type: End of Term
Barrier level: 65%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Barclays Bank plc). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

MB Structured Investments UK Kick Out Plan (Y2 60) February 2021

This is a maximum seven-year three-week investment with a Potential gross investment return of 7% payable for each year in force from year 1.

Closing Date: Feb 15, 2021
ISA Transfer: Feb 1, 2021

Don't forget the risks

Potential return: 7 % for each year in force from year 1
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Barclays Bank plc
Investment term: 7 years 3-weeks
Kick-out / Early maturity: No
Barrier type: End of Term
Barrier level: 60%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Barclays Bank plc). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

MB Structured Investments UK Step Down Kick Out Plan (Y2 60) February 2021

This is a maximum seven-year three-week investment with the potential of a gross investment return of 5.50% payable for each year in force from year 1.

Closing Date: Feb 15, 2021
ISA Transfer: Feb 2, 2021

Don't forget the risks

Potential return: 5.5 % for each year in force from year 1
Product type: Capital at Risk
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Barclays Bank plc
Investment term: 7 years 3-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 60%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (Barclays Bank plc). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Mariana 10:10 Income and Growth Plan – February 2021

The Mariana 10:10 Income and Growth Plan – February 2021 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 0.75% per quarter (3% p.a.); income is paid if the Closing Price of the Underlying is at or above the Income Trigger Level on a quarterly Observation Date. The plan also offers a Potential Growth Return (the Potential Return will only be paid if the Plan kicks out): Potential Growth Return of 0.90% for each quarter the Plan has run (3.6% p.a.), is paid if the Closing Price of the Underlying is at or above the Kick Out Trigger Level on a quarterly Observation Date. Kick Out Observation Date start at the end of year 3 and take place quarterly thereafter (paid gross).

Advised

Closing Date: Feb 12, 2021
ISA Transfer: Jan 27, 2021

Don't forget the risks

Potential return: 3 % p.a. (0.75% p.q.)
Product type: Capital at Risk
Investment type: Income/Kick-Out
Market / index link: FTSE CSDI
Counterparty: Morgan Stanley
Investment term: 10 years
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 70%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE CSDI and also depend on the financial stability of the issuer and counterparty bank (Morgan Stanley). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Mariana 10:10 Plan FTSE CSDI Version February 2021 (Option 1)

This is a ten-year two-week Plan based on the performance of the FTSE™ Custom 100 Synthetic 3.5% Dividend Index (FTSE CSDI), the Underlying Asset. The Plan is constructed to offer a Potential Return of 7.00% for each year the Plan runs, paid gross, 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.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 27, 2021

Don't forget the risks

Potential return: 7 % per annum
Product type: Capital at Risk
Investment type: Auto-Call/Kick-Out
Market / index link: FTSE CSDI
Counterparty: Morgan Stanley
Investment term: 10 years 2-weeks
Kick-out / Early maturity: Yes
Barrier type: End of term
Barrier level: 70%

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Mariana 10:10 Plan FTSE CSDI Version February 2021 (Option 2)

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 is constructed to offer a Potential Return of 8.50% for each year the Plan runs, paid gross, 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.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 27, 2021

Don't forget the risks

Potential return: 8.5 % per annum
Product type: Capital at Risk
Investment type: Auto-Call/Kick-Out
Market / index link: FTSE CSDI
Counterparty: Morgan Stanley
Investment term: 10 years 2-weeks
Kick-out / Early maturity: Yes
Barrier type: End of term
Barrier level: 70%

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Mariana 10:10 Plan FTSE CSDI Version February 2021 (Option 3)

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 10.75% and 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.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 27, 2021

Don't forget the risks

Potential return: 10.75 % per annum (paid gross)
Product type: Capital at Risk
Investment type: Auto-Call/Kick-Out
Market / index link: FTSE CSDI
Counterparty: Morgan Stanley
Investment term: 10 years 2-weeks
Kick-out / Early maturity: Yes
Barrier type: End of Term
Barrier level: 70%

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FTSE 100 Step Down Kick-Out Plan 41 - BNP Version

A maximum six year structured investment plan linked to the performance of the FTSE 100 Index. Potential for maturity each year from the end of year 2 onwards with a fixed payment equal to 4.5% per annum (not compounded) if the FTSE 100 is equal to or higher than a reducing percentage of its starting level. These percentages are 100%, 95%, 90%, 85% and 80%.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 4.5 % per annum
Product type: Capital at Risk
Investment type: Kick-Out
Market / index link: FTSE 100 Index
Counterparty: BNP Paribas
Investment term: 6 years (maximum)
Kick-out / Early maturity: Yes
Barrier type: End of term
Barrier level: 60%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (BNP Paribas). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Investec FTSE 100 3 Year Defensive Deposit Plan 26

A maximum three year structured deposit plan linked to the performance of the FTSE 100 Index. The Plan aims to provide a return at maturity of 3.75%, provided the FTSE 100 is higher than 90% of its starting level after 3 years (equivalent to 1.25% per annum) (not compounded). Full return of initial deposit at maturity regardless of FTSE 100 performance.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 3.75 % return
Product type: Deposit Based
Investment type: Growth
Market / index link: FTSE 100 Index
Counterparty: Investec Bank plc
Investment term: 3 years (maximum)
Kick-out / Early maturity: No
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Structured deposit plans are deposit-based and will usually be fully protected from stock market risk at the end date and also benefit from the protection of the Financial Services Compensation Scheme, if the bank or building society is a licensed UK deposit taker.

Investec FTSE 100 3 Year Deposit Plan 62

A maximum three year structured deposit plan linked to the performance of the FTSE 100 Index. The Plan aims to provide a return at maturity of 5.1%, provided the FTSE 100 is higher than its starting level after 3 years (equivalent to 1.7% per annum not compounded). Full return of initial deposit at maturity regardless of FTSE 100 performance.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 5.1 % return
Product type: Deposit Based
Investment type: Growth
Market / index link: FTSE 100 Index
Counterparty: Investec Bank plc
Investment term: 3 years (maximum)
Kick-out / Early maturity: No
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Investec FTSE 100 6 Year Defensive Deposit Plan 34 (Min return version)

A maximum six year structured deposit plan linked to the performance of the FTSE 100 Index. The Plan aims to provide a return at maturity of 11.7%, provided the FTSE 100 is higher than 100% of its initial index level on the Final Maturity Date. If the FTSE 100 is equal to or lower than 100% of its starting level on the Final Maturity Date, the Plan will repay your initial investment plus a 4.2% return, which may be less than the return that you would have received from another type of deposit product.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 11.7 % return / 4.2% return
Product type: Deposit Based
Investment type: Growth
Market / index link: FTSE 100 Index
Counterparty: Investec Bank plc
Investment term: 6 years (maximum)
Kick-out / Early maturity: No
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Investec FTSE 100 6 Year Deposit Plan 24

The aim of the Plan is to provide an investment return if the FTSE 100 rises and return your initial deposit at the end of the 6 year term.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 18.3 % return
Product type: Deposit Based
Investment type: Growth
Market / index link: FTSE 100 Index
Counterparty: Investec Bank plc
Investment term: 6 years (maximum)
Kick-out / Early maturity: No
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Investec FTSE 100 8 Year Kick-Out Plan 7 - BNP Version

The aim of the Plan is to provide an investment return if the FTSE 100 rises and return your initial investment at the end of the 8-year term, or earlier if the Plan matures early.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 6.15 % per annum
Product type: Capital at Risk
Investment type: Auto-Call/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: BNP Paribas
Investment term: 8 years
Kick-out / Early maturity: Yes
Barrier type: End of term
Barrier level: 60%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (BNP Paribas). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Investec FTSE 100 Defensive Kick Out Deposit Plan 24

The aim of the Plan is to provide an investment return even if the FTSE 100 falls by up to 15% and return your initial deposit at the end of the 6 year term, or earlier if the Plan matures early.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 1.65 % per annum
Product type: Deposit Based
Investment type: Growth/Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Investec Bank plc
Investment term: 6 years (maximum)
Kick-out / Early maturity: Yes
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Investec FTSE 100 Enhanced Kick-Out Plan 98 - BNP Version

A maximum six year structured investment plan linked to the performance of the FTSE 100 Index. If at the end of any of years 1, 2, 3, 4, 5 or 6 the FTSE 100 is equal to or higher than 100% of its starting level, the Plan will mature returning your initial investment plus a fixed payment equal to 6.45% per annum (not compounded).

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 6.45 % per annum
Product type: Capital at Risk
Investment type: Kick-Out
Market / index link: FTSE 100 Index
Counterparty: BNP Paribas
Investment term: 6 years (maximum)
Kick-out / Early maturity: Yes
Barrier type: End of term
Barrier level: 60%

View plan

Capital at risk: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 Index and also depend on the financial stability of the issuer and counterparty bank (BNP Paribas). You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

Investec FTSE 100 Income Deposit Plan 40 Monthly

A maximum six year income deposit plan linked to the performance of the FTSE 100 Index. The Plan is designed to repay your initial deposit and to make monthly income payments of 0.12% per month if the FTSE 100 is higher than 75% of its starting level on each Monthly Anniversary Date (equal to 1.44% per annum).

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 1.44 % per annum
Product type: Deposit Based
Investment type: Income
Market / index link: FTSE 100 Index
Counterparty: Investec Bank plc
Investment term: 6 years (maximum)
Kick-out / Early maturity: No
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Investec FTSE 100 Kick-Out Deposit Plan 98

A maximum six year structured deposit plan linked to the performance of the FTSE 100 Index. The Plan can mature at the end of years 3, 4, 5 or 6, paying a Gross Return equivalent to 2.25% per annum (not compounded), with full return of initial deposit at maturity regardless of FTSE 100 performance.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 2.25 % per annum
Product type: Deposit Based
Investment type: Kick-Out
Market / index link: FTSE 100 Index
Counterparty: Investec Bank plc
Investment term: 6 years (maximum)
Kick-out / Early maturity: Yes
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

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Investec FTSE4Good 6 Year Deposit Plan 4

A maximum six year structured deposit plan linked to the performance of the FTSE4Good UK 50 Index. The Plan aims to provide a return at maturity of 15.3%, provided the FTSE 4Good UK 50 Index is higher than 100% its starting level after 6 years [equivalent to 2.55% per annum (not compounded)]. Full return of initial deposit at maturity regardless of FTSE 4Good UK 50 performance.

Closing Date: Feb 12, 2021
ISA Transfer: Jan 29, 2021

Don't forget the risks

Potential return: 15.3 % return
Product type: Deposit Based
Investment type: Growth
Market / index link: FTSE4Good UK 50
Counterparty: Investec Bank plc
Investment term: 6 years
Kick-out / Early maturity: No
Barrier type: Not Applicable (Structured Deposit)
Barrier level: N/A

View plan

Product Providers

Don’t forget the risks

All investments carry risk. It is identifying those risks, understanding how they may affect an investment and assessing whether an investment is suitable for your circumstances that is important.

The potential returns of most structured products and repaying the money invested are usually linked to the level of a stock market index and also depend on the financial stability of the issuer and counterparty bank. You should only consider investing if you understand and accept the risk of losing some or all of any money invested.

You should always read the relevant plan brochure and any other plan documentation, for full details of a plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document (‘KID’), that you should consider, before deciding to invest in a plan.

Structured products should only be considered as part of a diversified and balanced portfolio.

Below is a summary of some of the main risks usually associated with an investment in structured products plans:

Market risk to potential returns

Whether or not a plan generates the potential returns for investors usually depends on the closing level of the relevant index on the relevant dates for the plan, i.e. the kick-out anniversary dates for kick-out products; the early maturity dates and end dates for growth products; the annual income dates for income products.

If the index closes below the level needed, for the plan or plan options chosen, on all of the relevant dates, the plan or plan options will not generate a return.

Market risk to repayment of money invested in 'Capital-at-Risk' plans

If the closing level of the relevant index is below the level needed on all of the kick-out anniversary dates or early maturity dates, if relevant for the plan or plan options chosen, and on the end date, repaying the money invested at maturity will usually depend on the closing level of the index on the end date..

Different structured products use different types of protection barriers. Some products use barriers that are observed every day that can therefore be breached on any day during the investment term, while some products use barriers that are only observed at the end of the investment term and that cannot therefore be breached during the investment term.

Market risk to the repayment of money invested on the end date will depend on the type of barrier and its level.

For example, for a product with an end of term barrier, set at 60% of the start level, if the index for the plan closes at or above 60% of the start level, on the end date, money invested will be repaid in full (less any agreed adviser fees and withdrawals). However, if on the end date the index closes below 60% of the start level, the amount of money repaid (less any agreed adviser fees and withdrawals) will be reduced by the amount that the index has fallen. For example, if the index has fallen by 45%, the repayment of money invested will be reduced by 45% (meaning that investors will get 55% of their investment back).

'Protected' types of structured products

Some structured product plans are designed so that they are 100% protected from stock market risk at the end date.

It is important to understand that even if a structured product plan is designed with 100% protection from stock market risk, at the end date, it will still usually have issuer and counterparty bank risk. In other words, both the potential returns of the plan and repaying the money invested at the end date will depend on the financial stability of the issuer and counterparty bank. If the issuer and counterparty bank become insolvent, or similar, or fail to be able to meet their obligations, it is likely that investors will receive back less than they invested.

Issuer and counterparty bank risk

Both the potential returns and repaying the money invested of most structured products depend on the financial stability of the issuer and counterparty bank. If the issuer and counterparty bank become insolvent, or similar, or fail to be able to meet their obligations, it is likely that investors will receive back less than they invested.

Financial Services Compensation Scheme ('FSCS') protection

It is important to understand that it is not usually possible to claim under the Financial Services Compensation Scheme if the issuer and counterparty bank fail to meet their obligations or if the stock market index that a plan links to falls.

Structured deposits

Structured deposit plans are deposit-based and will usually be fully protected from stock market risk at the end date and also benefit from the protection of the Financial Services Compensation Scheme, if the bank or building society is a licensed UK deposit taker.