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Arcus UK Defensive Kick Out Plan (60): November 2022 (CA04)

Type of product Growth
Type of return Investment
Investment term 6 years
Underlying FTSE 100 Index
Counterparty   Credit Agricole
Promoter Arcus
UKSPA product code   1260 - Kick Out
Summary Risk Indicator   5
Return   Potential 8.50% a year
Kick Out Barrier   Reducing from 105% in Y2 to 85% in Y6
Capital at Risk Barrier   60% European
S&P Rating A+ (stable outlook)
Fitch Rating AA- (stable outlook)
Moody's Rating Aa3 (stable outlook)
Important Dates  
Closing Date ISA Transfer Date Strike Date Maturity Date
28/10/2022 14/10/2022 04/11/2022 06/11/2028
Possible Early Maturity Dates  
Year 2 Year 3 Year 4 Year 5
04/11/2024 04/11/2025 04/11/2026 04/11/2027
Description There are set dates during the term ('Early Maturity Dates') when investors might receive a return. If the FTSE 100 closes at or above the required level on one of these dates (please see brochure for details), the Plan will mature early and repay the Amount Invested, together with a fixed return equal to 8.50% p.a. for each year that has passed since the Start Date (not compounded).

If there is no early maturity and the FTSE 100 closes below 85% of its Start Level on the Maturity Date, the investment will have earned no return.

If the Plan matures early, capital is repaid in full. However, if the Plan continues for the full term, capital is at risk:
  • If the FTSE 100 closes at or above 85% of its Start Level at maturity, investors receive a fixed return of 51% and capital is repaid in full.
  • If the FTSE 100 closes at or above 60% of its Start Level at maturity, capital is repaid in full.
  • If the FTSE 100 closes below 60% of its Start Level at maturity, investors will make a loss. They will lose 1% for every 1% fall in the FTSE 100 from its Start Level.

Contract Details

  Cash ISA Equity ISA Direct ISA Transfer SIPP
Minimum contribution n/a £3,000 £3,000 £3,000 £3,000
* Credit ratings correct as of 01 Sep 2022. ** Minimum contributions do not include any applicable adviser charges. † This plan is available for investment through third party SIPP Providers. 

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