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All investment involves risk and you could lose some or all of the money you invest.

The information given in this product review has been taken from the product terms and conditions, brochure, and other literature available from the product provider. No guarantee can be made to the accuracy of the information. You should therefore satisfy yourself as to the full terms and risks of any investment by reference to the relevant materials provided by the product provider. Please request these documents using the buttons on the left of the page.

Please Note: This product closed for investment on 05/08/2022

UK Fixed Income Plan (CT047) (Exclusive to Clients of Lowes)

Walker Crips UK Fixed Income Plan (CT047) (Exclusive to Clients of Lowes)

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Preferred

Overview:

A quarterly income of 1.4% gross will be paid throughout the investment term, regardless of the movement in the FTSE 100 Index.

Product Type:

Capital at Risk

Investment Type:

Income

Product Index Link:

FTSE 100 Index

Potential FSCS Protection:

No

Capital at Risk Barrier Type:

End of Term only

Maximum Term:

6 years max.

Barrier Level:

65% of Initial Index Level.

Downside:

1:1

Capital At Risk Barrier: (Subject To Counterparty Solvency)

65% of Initial Index Level, observed at the end of the term.

Initial (Strike) Index Level >>

Important Dates:

Closing Date ISA Transfers Strike Date Maturity Date
05/08/2022 22/07/2022 12/08/2022 14/08/2028
Closing Date
05/08/2022
ISA Transfers
22/07/2022
Strike Date
12/08/2022
Maturity Date
14/08/2028

Counterparty:

Citigroup Global Markets Ltd

Please Note: The investment returns and the return of capital are dependent upon the counterparty meeting their obligations on time and in full. If the counterparty fails to meet their obligations you could lose some or all of your capital.

The credit ratings provided below can be a useful way to compare the credit risk associated with different Counterparties or Deposit Takers. Credit ratings are assigned by independent companies known as ratings agencies.

A+
A+

S&P Rating*

D R CC - CCC + - B + - BB + - BBB + - A + - AA + AAA
A+
A+

Fitch Rating*

D RD C CC CCC - B + - BB + - BBB + - A + - AA + AAA
A1
A1

Moody's Rating*

C Ca Caa B Ba Baa A Aa Aaa
3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1

Description

This maximum six-year structured investment will generate gross quarterly income payments of 1.4%, irrespective of the performance of the FTSE 100 Index.

If the Final Index Level is no more than 35% below its Initial Index Level, investors' original capital will be returned in full in addition to 1.4% income in respect of that quarter. If the Final Index Level is more than 35% below its Initial Index Level, then investors will suffer a reduction to their invested capital equal to the percentage the Final Index Level is below its Initial Index Level.

Our fee for acting as intermediary for this investment, processed by CompareStructuredProducts.com and where no advice has been sought or given is 1.65% of the amount invested. For investments over £100,000 please contact us for preferential fees.

Contract Details

Initial Index Level:

The closing level of the index on 12 August 2022.

Final Index Level:

The closing level of the index on 14 August 2028.

Cash ISA Equity ISA Direct ISA Transfer SIPP **
Availability
Minimum Contribution*
 N/A £10,000 £10,000 £10,000 £10,000

*Note that minimum contributions exclude any applicable adviser charges

**The investment may also be available through third party SIPP Providers

Tax Treatment if held outside Tax Shelter:

The product literature states that under current legislation income payments will be paid gross and subject to UK income tax at the investor's highest marginal rate.

Please note, tax rules and legislation are subject to change at any time.

Capital At Risk Barrier (Subject To Counterparty Solvency)

Barrier Level: 65% of Initial Index Level.

Downside: 1:1

Capital at Risk Barrier Type: End of Term only

If the Final Index Level is no more than 35% below its Initial Index Level, investors' capital should be returned in full. However, if the Final Index Level is more than 35% below its initial level, investors will suffer a reduction to their invested capital of 1% for every 1% the Final Index Level is below its respective Initial Index Level.

Charges

Unless stated otherwise charges do not affect the amount being invested as they have been taken into account in the terms of the investment. So, for every £100 invested, the return, provided the investment is held until maturity, should be £100, plus or minus the gain or loss in accordance with the defined terms. Separate fees may be payable to your adviser, platform or stockbroker for arranging this investment.

The initial charge incorporated in the terms of the investment: Not expected to exceed 0.8%.

If surrendered early, the value will be dependent on a number of factors and may be less than the original amount invested. In the event of early surrender the provider may levy an administration fee which will be deducted from the surrender proceeds as follows:

Early Surrender: £90

Early ISA Transfer: £90

Other Charges: £15 for any proceeds to be forwarded by same day transfer (CHAPS) or no charge for standard electronic transfers (BACS) or cheque.

Summary Table

Income

Event Outcome
Citigroup Global Markets Ltd default = Return of any capital subject to insolvency proceedings - potential total loss
If not
Regardless of the movement in the FTSE 100 Index = Quarterly income of 1.4% gross is paid throughout the term

Income

Event Outcome
Citigroup Global Markets Ltd default = Return of any capital subject to insolvency proceedings - potential total loss
If not
If at the end of the term the FTSE 100 Index is no more than 35% below its Initial Index Level = Return of invested capital in addition to income outlined above
If not
As the FTSE 100 Index is more than 35% lower = Invested capital is reduced in line with the fall in the index at maturity on a 1% for 1% basis

Opinion

Our opinion has been reached following an assessment of this and other current plans available at the time of publishing and on balance, this is one of our 'Preferred' plans. Please note, however, plans may lose their 'Preferred' status if an alternative plan becomes available which, in our opinion, has more attractive terms.

It must be appreciated that it is very possible that none of the investments featured on this site are suitable for you and so the 'Preferred' status or lack of it should not be construed as advice or a recommendation to invest. You should always ensure that you read the product literature carefully to satisfy yourself as to the terms and the risks of any investment before proceeding.

If you have any questions about any investment featured on the site, please call 0191 281 8811 or click here to submit a query.

We would welcome the opportunity to talk to you about your investment needs. This web site is operated by Lowes Financial Management Ltd who have been Independent Financial Advisers since 1971. If you have any doubts about the suitability of an investment for you, and would like to speak to an adviser from Lowes Financial Management, please call 0191 281 8811 or click here to request a Call Back.

Fees

Where no advice has been sought or given, our fee for acting as intermediary for this investment is 1.65% of the amount invested, capped at £2,000. For example, on an investment of £25,000 our fee would be £412.50 and for an investment of £125,000 it would be £2,000.

Fee Calculator:

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Risks

All investment involves risk and you could lose some or all of the money you invest.

It is imperative that you read the plan brochure and terms and conditions and understand all of the risks involved, which are outlined on page 8 and 9 of the brochure, prior to proceeding. If you do not fully understand the risks, the commitment or you are unsure as to the suitability of the investment for you, you should not proceed but instead contact us via E-mail or Callback Request for advice.

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Information

© CompareStructuredProducts.com is a trading style of Lowes Financial Management, authorised and regulated by the Financial Conduct Authority

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CompareStructuredProducts.com does not make any representation or warranty, regarding the adequacy, accuracy or reasonableness of the information including pricing information herein and accepts no responsibility or liability for any losses or expenses arising out of the use of or reliance on this information. Use of this website is subject to the relevant CompareStructuredProducts.com Terms and Conditions, which you have previously accepted and acknowledged. CompareStructuredProducts.com makes no representation or warranty, and accepts no responsibility or liability, to any party in relation to any such information, whether in whole or in part for any marketing material or legal documents provided by the product provider/structured product issuer/deposit taker. Lowes is authorised and regulated by the Financial Conduct Authority No. 114650.

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