The Plan aims to provide fixed quarterly income payments of 1.5% over the 7 year term if both the FTSE 100 and S&P 500 are higher than 62.5% of their starting levels

Key Dates

Closing Date: 21 March 2018 ISA Transfers: 1 March 2018
Start Date: 29 March 2018 Maturity Date: 31 March 2025
Important: The closing date for applications by cheque is 12 March 2018 and by bank transfer is 18 March 2018.
*Important Information: The return of your capital depends on the performance of the FTSE 100 Index and S&P 500 Index and the ability of the counterparties (Santander UK plc) to repay the monies.

Key Terms

Potential Return: 6% per annum

Investment Type: Income/Auto-Call

Product Type: Capital at Risk

Investment Term: Maximum 7 years

Minimum Investment: £3,000

Underlying Asset: FTSE 100 Index and S&P 500 Index

Capital Protection: Capital is at risk if the FTSE 100 falls by more than 60% at any point during the Plan, and finishes lower than its starting level, you will lose some or all of your initial investment.

How to invest

Applications for the Plan must be submitted via Best Price Financial Services and received by 5pm on 18 March 2018 for bank transfers.

The closing date for applications by cheque is 12 March 2018

The closing date for applications by ISA transfers is 27 February 2018.

This will enable us to process your application and forward it on to the structured product provider.

1Firstly, print off and complete our Appropriate Assessment Questionnaire. All applications require two proofs of identity - see the questionnaire for more information.

2Next, click Download Plan on the left and download, print and complete the application form available. Note that Investec applications will have multiple documents, so please choose the one relevant to you.

3Place 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

Fees for Non-Advised Investments

All non-advised sales carry an arrangement fee of just 0.5%* of your investment. This is the cheapest percentage fee you'll find online, and all designed to help you make the most of your money. To work out the charge for your investment, use our simple cost calculator.

*A minimum fee of £75 applies for private investments.

How much does it cost to invest?

A minimum fee of £75 applies for ISAs, ISA transfers and Direct cash investments. All other investments carry a minimum fee of £100.

Further Information

The Plan is designed to provide regular monthly income payments over 7 years and to return your initial investment at maturity

On any Quarterly Anniversary Date, if the Payment Index Level of the FTSE 100 and S&P 500 are higher than 62.5% of their Initial Index Levels you will receive payments of 1.5% monthly, equivalent to 6% gross per year.

If the Payment Index Levels of both the FTSE 100 and S&P 500 are equal to or lower than 62.5% of the Initial Index Level, no income payment will be made for that quarter.

If on any Quarterly Anniversary Date, from the end of year 2 onwards, the closing levels of the FTSE 100 and S&P 500 are higher than 105% of their Initial Index Levels, the Plan will mature early (Kick-Out) and you will receive back your initial investment and an income payment for that quarter.

Repayment of your initial capital at the end of the term is subject to the performance of the FTSE 100 and S&P 500.

If the Plan runs for the full 7 years and the Final Index Levels of either the FTSE 100 and S&P 500 are lower than 60% of their respective Initial Index Levels, your client will receive back their initial investment minus 1% for every 1% fall in the worst performing index (including partial percentages).

The FTSE/S&P 500 Defensive Income Plan 1 – Santander UK option has been designed for clients who are looking for a high level of income over a 7 year period, but can accommodate receiving their money back before the end of the term. The frequency of income payments is not known and clients should not be dependant on these income payments to meet living expenses. It is aimed at clients who may be cash rich but income poor.

Clients will have a medium-low appetite for risk and are prepared to risk their capital in order to potentially receive a higher level of income.

Clients will understand that both their return of capital and payment of their income are linked to the FTSE 100 and S&P 500 and returns will be calculated based on the worst performing index.