Hilbert FTSE 100 EW45 Conditional Memory Quarterly Autocall - Issue 37
The Hilbert FTSE 100 EW45 Conditional Memory Quarterly Autocall - Issue 37 is a maximum 10-year investment offering a Potential Income payment of 1.75% (equivalent to 7.00% p.a.),
- Market / index link: FTSE 100 EW45
- Counterparty: Citigroup Global Markets Ltd
- Investment term: 10 -years
- Kick-out / Early maturity: No
- Barrier type: End of term
- Barrier level: 50%
The closing date for ISA transfer applications is 15 August 2025.
Product Literature & Forms
You should always read the relevant plan brochure and any other plan documentation, for full details of the 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 the plan.
If you do not fully understand the risks or are unsure as to the suitability of the investment, please contact us
How to Invest?
Applications for the Plan must be submitted via Best Price Financial Services and received by 5pm on 21 August 2025 for bank transfer applications.
The closing date for applications by cheque is 19 August 2025
The closing date for ISA transfer applications is 15 August 2025.
This will enable us to process your application and forward it on to the structured product provider.
1 Firstly, print off and complete our Appropriate Assessment Questionnaire. All applications require two proofs of identity - see the questionnaire for more information.
2 Next download, print and complete the application form available. Note that product applications will have multiple documents, so please choose the one relevant to you.
3 Place all completed documents - questionnaire, proofs of identity, application form and cheques for payment - in an envelope and post to:
Best Price Financial Services,The Tythe Barn, 5 Eglwys Nunnydd,
Margam, Neath Port Talbot
SA13 2PS
Further Information
The Hilbert FTSE 100 EW45 Conditional Memory Quarterly Autocall - Issue 37 is a maximum 10-year investment offering a Potential Income payment of 1.75% (equivalent to 7.00% p.a.),
Maximum Investment Term/Early Maturity Feature: The Plan has a maximum Investment Term of 10 years. However, the Plan can mature early from eighth Quartely Measurement Date. The Plan will mature early if the Closing Level of the Underlying Asset is at or above 105% of the Opening Level on any Quarterly Measurement Date from the eighth Quarterly Measurement Date. If this happens, you will receive the income payment for that quarter and the repayment of your original investment in full (less any agreed adviser fees and withdrawals).
Potential Income: You will receive an income payment of 1.75% (equivalent to 7.00% p.a.) for each Quarterly Measurement Date that the Closing Level of the Underlying Asset is at or above 80% of the Opening Level. The income is paid gross. If the closing level of the Underlying Asset is below 80% of the 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 Measurement Dates when they may be paid together with the income payment due for that quarter.
Repayment of your investment if no early maturity: If the Final Level of the Underlying Asset is more than 50% below its Opening Level, you will receive back significantly less than your initial investment. The amount of your investment you receive back will be reduced by the same percentage amount that the Underlying Asset has fallen in value from the Start Date (less any agreed adviser fees and withdrawals).
Expected Tax Treatment: Income tax. Any income generated will be paid without tax being taken off. Any tax due will depend on your own individual circumstances and how you invested.
Issuer/Counterparty Bank: The issuer is Citigroup Global Markets Funding Luxembourg S.C.A. (‘CGMFL’) and the Counterparty Bank is Citigroup Global Markets Limited (‘CGML’), a wholly owned, indirect subsidiary of Citigroup Inc (‘Citigroup’).
The Issuer / Counterparty Bank Citigroup Global Markets Funding Luxembourg S.C.A. (‘CGMFL’) is responsible for issuing the securities which make up the Plan.
CGMFL is part of Citigroup Global Markets Limited (‘CGML’), which is the Counterparty Bank for the Plan.
CGML is ultimately responsible for, and if necessary will meet, the payment obligations (including paying the potential returns of the Plan and repayment of the money invested) of CGMFL.
The ‘securities’ are a type of corporate bond, meaning that an investment in the Plan is effectively like making a loan to CGMFL, which it is legally obliged to repay when the Plan matures (together with any return due).
CGML is a wholly owned, indirect subsidiary of Citigroup Inc (‘Citigroup’).
Citigroup is a leading global bank. It has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citigroup provides consumers, corporations, governments and institutions with a broad range of f inancial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Citigroup is a publicly traded company, with shares listed in New York. More information about Citigroup can be found at: www.citigroup.com.
What Are The Risks Of The Plan?
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.
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.
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.