Hilbert Kick Out Series: 3 Stock Defensive Autocall - Issue 13
This is a capital at risk investment offering a potential return of 20% p.a. (10% semi-annually), depending on the performance of HSBC Holdings Plc, International Consolidated Airlines Group S.A. and Vodafone Group Plc. It has a maximum term of up to 7 years, however, the plan can mature early from the first annual observation date, if certain criteria are met.
The closing date for ISA transfer applications is 22 February 2023.
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 28 February 2023 for bank transfer applications.
The closing date for applications by cheque is 22 February 2023
The closing date for ISA transfer applications is 22 February 2023.
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
Term of Investment : Up to 7 years. However, the Plan can mature early from the first annual observation date, if certain criteria are met (see “Early Maturity” below).
Underlying Assets : The share price of HSBC Holdings Plc, International Consolidated Airlines Group S.A., Vodafone Group Plc (‘The Shares’).
Counterparty : Citigroup Global Markets Funding Luxembourg S.C.A. (‘Citigroup’)
Administrator and Custodian : Hilbert Investment Solutions.
Early Maturity : The Plan will mature early if the Closing Levels of all three Underlying Assets are at least equal to the relevant Reference Level on any Semi Annual Measurement Date from the end of the first 12 month period. If this happens, you will receive a Fixed Growth Return equal to 10% for each semi-annual observation date that has passed since the Start Date. You will also be repaid your original investment in full at this point.
Repayment of Your Investment if no Early Maturity : If the Final Level of any of the Underlying Assets 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 worst performing Underlying Asset has fallen in value from the Start Date.
Expected Tax Treatment : Capital Gains Tax
Fees : Hilbert will receive a one-off distribution fee of up to 2.5% to cover their costs for marketing the Plan. No part of this fee is used to pay a financial adviser.
What type of investor is the plan targeted at?
This Plan has been designed for investors with specific investment needs. The questions below should help you determine whether an investment in the Plan will help you to meet your investment needs. Please note that this information has been provided to you for information only, and neither we nor the Administrator and Custodian provide investment advice. You are strongly encouraged to speak to a financial adviser who will assess the suitability of this Plan for your investment needs in more detail.
- Are you looking for the chance to receive capital growth, rather than income? YES
If ‘no’, another product that offers an income may be more appropriate for your needs
- Are you comfortable that the capital growth is not guaranteed? YES
If ‘no’, another product that promises a guaranteed return may be more appropriate for your needs.
- Are you comfortable putting some or all of your investment at risk (i.e. you could lose some money)? YES
If ‘no’, another product that promises to protect your investment may be more appropriate for your needs.
- Are you comfortable with leaving your money invested for up to 7 years? YES
If ‘no’, another product that offers you easy access to your money might be more appropriate for your needs.
- Do you have some existing knowledge of equity-based investment? For example, have you invested in similar products in the past and do you have a general interest in financial markets? YES
If ‘no’, another simpler product might be more appropriate for your needs.
If you did answer ‘YES’ to the aforementioned questions then this Plan might be suitable for your needs provided that you accept the Fixed Growth Return payments are not guaranteed and that you may lose some or all of your investment.
The product is not intended to be offered to retail clients who do not fulfil these criteria.
Please ensure you have read and understood the important documents associated with this product before investing.
To gain a full understanding of this Plan it is important that you read the brochure carefully, including the product risks and terms and conditions. If you are unsure about any aspect of this investment product, please seek financial advice to ensure the Plan suits your requirements and overall investment planning.
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: