Log in

Arcus 6Y US Defensive Step-Down Kickout Deposit Plan (BB13)

Type of product Growth
Type of return Deposit
Investment term 6 years
Underlying S&P 500 Index
Deposit Taker   Barclays Bank PLC
Promoter Arcus
UKSPA product code   1160 - Protected Kick Out
Summary Risk Indicator   2
Return   Potential 5.55% for each year that's passed since the Start Date (paid at maturity)
Kick Out Barrier   Reducing from 100% in Y3 to 80% in Y6
Capital at risk?   No
S&P Rating A+ (stable outlook)
Fitch Rating A+ (stable outlook)
Moody's Rating A1 (stable outlook)
Important Dates  
Closing Date ISA Transfer Date Strike Date Maturity Date
12/04/2024 02/04/2024 19/04/2024 22/04/2030
Possible Early Maturity Dates  
Year 3 Year 4 Year 5
19/04/2027 19/04/2028 19/04/2029
Description There are set dates during the term ('Early Maturity Dates') when investors might receive an interest payment. If the S&P 500 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 interest amount equal to 5.55% for each year that has passed since the Start Date (not compounded).

If there is no early maturity, there are two potential outcomes at maturity:

  • If the S&P 500 closes at or above 80% of its Start Level at maturity, investors receive a fixed interest amount of 33.30% and capital is repaid in full.
  • If the S&P 500 closes below 80% of its Start Level at maturity, investors will receive no interest, only the repayment of their capital in full.

Contract Details

  Cash ISA Equity ISA Direct ISA Transfer SIPP
Availability
Minimum contribution £3,000 n/a £3,000 £3,000 £3,000
* Credit ratings correct as of 04 March 2024. ** Minimum contributions do not include any applicable adviser charges. † This plan is available for investment through third party SIPP Providers. 

All investments involve risks, and investors could lose some or all of the money that they invest. Investors should read and understand the literature for any investment product in full, particularly any sections on risks, before deciding to invest. All information displayed on this site is subject to our Terms of Use. We make no warranties as to the accuracy or completeness of any information displayed and you should not rely on this information when making investment decisions to clients. The product provider has paid a fee for their products to be shown on this website. For further information and explanation of our terminology and terms, please visit our Glossary page.

Back to Current Offers

By proceeding, you confirm that you accept the Terms and Conditions of the website and Risk Warnings associated with investing in structured products.

Download application forms

Thank you. Your details have been added to our mailing list.
Log in