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Arcus 10Y UK Defensive Kickout Plan (NTX05)

Type of product Growth
Type of return Investment
Investment term 10 years
Underlying FTSE 150 EWDR
Counterparty   Natixis
Promoter Arcus
UKSPA product code   1260 - Kick Out
Summary Risk Indicator   4
Return   Potential 8.50% for each year that's passed since the Start Date (paid at maturity)
Kick Out Barrier   95%
Capital at Risk Barrier   65% European
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
10/05/2024 30/04/2024 17/05/2024 17/05/2034
Possible Early Maturity Dates   Annually, from year one onwards
Description There are set dates during the term ('Early Maturity Dates') when investors might receive a return. If the FTSE 150 EWDR closes at or above 95% of its Start Level on one of these dates, the Plan will mature early and repay the Amount Invested, together with a fixed return equal to 8.50% for each year that has passed since the Start Date (not compounded).

If there is no early maturity and the FTSE 150 EWDR closes below 95% 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 150 EWDR closes at or above 95% of its Start Level at maturity, investors receive a fixed return of 85.00% and capital is repaid in full.
  • If the FTSE 150 EWDR closes at or above 65% of its Start Level at maturity, capital is repaid in full.
  • If the FTSE 150 EWDR closes below 65% 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
Availability
Minimum contribution n/a £3,000 £3,000 £3,000 £3,000
* Credit ratings correct as of 25 April 2024. ** Minimum contributions do not include any applicable adviser charges. † This plan is available for investment through third party SIPP Providers. 

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