FTSE Daily Accrual Income Kick Out Plan August 2017
A maximum ten year structured income product, that offers 1.65% for each quarter the Plan runs (6.6% p.a.), provided the FTSE 100 is at or above 75% of the Start Level.
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 13 August 2017 for bank transfer applications.
The closing date for applications by cheque is 7 August 2017
The closing date for ISA transfer applications is 24 July 2017.
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
The FTSE Daily Accrual Income Kick Out Plan August 2017 is a ten year Plan based on the performance of the FTSE 100 Index. The Plan is constructed to offer a Potential Income of 1.65% per quarter providing the Closing Price of the index is at or above 75% of the Start Level on each quarterly Observation Date.
If the Closing Price of the index is below 75% of the Start Level on a quarterly Observation Date, no income is paid for that quarter.
The Plan has the possibility to kick out from the end of year 1 and quarterly thereafter. Should the Closing Price of the index be at or above 110% 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 (subject to Counterparty Risk).
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 the Finish Level of the index is not more than 40% below the Start Level.
You are at risk of losing your capital if the Closing Price of the index is less than 60% of the Start Level (representing a decline of more than 40% from the Start Level), your Initial Capital will be lost at a rate of 1% for every 1% the Closing Price of the index is below the Start Level.
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: