Product Archive

Investment Type

Investments are categorised as follows:

• Growth - those investments designed to potentially provide growth
• Income - those investments designed to potentially provide income
• Growth & Income – those investments designed to potentially provide a combination of both growth and income
• Auto-Call / Kick-Out – those investments which have the potential to mature on pre-determined anniversary dates
• Growth with Auto-call – Growth investments which also have the potential to mature on a pre-determined anniversary date.

Product Type

Products are categorised as follows:

• Capital at Risk: Those products that are designed to put some or all of the investor’s capital at risk if the underlying index falls below a certain level
• Capital "Protected": Those products that are designed to ensure that an investor will only lose capital in the case of counterparty default
• Deposit Based: A fixed term deposit account in which some or all of the investor’s capital may be covered by the FSCS.

Preferred Plans

Those plans preferred by StructuredProductReview.com following individual assessment and cross-reference against other current plans available at the date of review.

Index Link

The underlying measurement to which returns are linked.

Term

The investment term stated in the product literature. There may however be some additional weeks between the date on which the offer ends and the start date and also between the final investment date and the maturity proceeds distribution date.

Capital at Risk Barrier Observation

There are nine types of protection commonly used in retail structured products.

• Not Applicable: Capital 'Protected' at Maturity
• End of Term Only: Capital at risk if reference asset (e.g. Index) is below barrier at the final index level only
• Full Term daily close: Capital at risk if reference asset (e.g. Index) closes below barrier on any day during the term
• Full term intra-day: Capital at risk if reference asset (e.g. Index) falls below barrier at any point during the term
• Part Term daily close: Capital at risk if reference asset (e.g. Index) closes below barrier during a defined period during the term
• Part Term intra-day: Capital at risk if reference asset (e.g. Index) falls below barrier at any point during a defined period during the term
• Combination (see description): A combination, or variation of any the above
• No Barrier Protection: Capital at risk
• No Barrier Protection, Reduced Downside: Capital at risk, but reduced by less than 1% for every 1% fall in the reference asset (e.g. Index) below the Starting Index Level

Counterparty

When investing in a plan of this type, the capital will, in effect, be loaned to a financial institution known as the 'counterparty'. The return of capital will be dependant upon the continued solvency of the counterparty throughout the term of the investment, therefore the capital will be at risk from the date of investment. Before proceeding, investors must be aware that should the plan's underlying counterparty file for bankruptcy during the term of the plan, or be unable to repay its liabilities, some or all of the capital invested may be lost. As with all investments, it is imperative that those who wish to invest in a plan of this type read the plan brochure and terms and conditions thoroughly and understand the risks involved before proceeding.

Deposit Taker

When investing in a structured deposit, the capital will be placed in a fixed term deposit account held with a financial institution known as the 'deposit taker'. The return of capital will therefore be dependant upon the continued solvency of the deposit taker throughout the term of the investment. Before proceeding, investors must be aware that should the deposit taker file for bankruptcy during the term of the plan, or be unable to repay its liabilities, some or all of the capital invested may be lost. Investors may, however, be eligible for cover provided by the Financial Services Compensation Scheme (FSCS) up to a certain amount of their investment. The availability of such compensation is defined under the terms of the FSCS, and certain investment limits will apply. As with all investments, it is imperative that investors read the plan brochure and terms and conditions thoroughly and understand the risks involved before proceeding.