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Arcus 7Y UK Defensive Step-Down Kickout Plan (CA28)

Type of product Growth
Type of return Investment
Investment term 7 years
Underlying FTSE 100 Index
Counterparty   Credit Agricole
Promoter Arcus
UKSPA product code   1260 - Kick Out
Summary Risk Indicator   5
Return   Potential 6.87% a year
Kick Out Barrier   Reducing from 100% in Y3 to 70% in Y7
Capital at Risk Barrier   65% 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
30/08/2024 20/08/2024 06/09/2024 08/09/2031
Possible Early Maturity Dates   Annually, from year three onwards
Description **Arcus 7Y UK Defensive Step-Down Kickout Plan (CA28) is almost at capacity. Please call us before submitting an application**

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 6.87% 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 70% 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 70% of its Start Level at maturity, investors receive a fixed return of 48.09% and capital is repaid in full.
  • If the FTSE 100 closes at or above 65% of its Start Level at maturity, capital is repaid in full.
  • If the FTSE 100 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 11 July 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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