| Type of product | Income | |||||||||
| Type of return | Investment | |||||||||
| Investment term | 10 years | |||||||||
| Underlying | FTSE 100 Index | |||||||||
| Counterparty | Merrill Lynch B.V. | |||||||||
| Promoter | Dura Capital | |||||||||
| UKSPA product code | 1290 - Conditional Income | |||||||||
| Summary Risk Indicator | 3 | |||||||||
| Income | Potential 1.475% per quarter (5.90% p.a.) | |||||||||
| Income Barrier | 75% | |||||||||
| Kick Out Barrier | 100% | |||||||||
| Capital at Risk Barrier | 65% European | |||||||||
| S&P Rating | A- (stable outlook) | |||||||||
| Fitch Rating | AA- (stable outlook) | |||||||||
| Moody's Rating | A1 (stable outlook) | |||||||||
| Important Dates |
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| Possible Early Maturity Dates | Annually, from the third year onwards |
| Description | On quarterly dates during the term (the 'Income Dates'), investors will receive income of 1.475% (5.90% p.a.) if the FTSE 100 closes at or above 75% of its Start Level. On the Income Dates from the end of the third year onwards, the Plan will also mature early and repay the Amount Invested if the FTSE 100 closes at or above 100% of its Start level. If the Plan matures early, capital is repaid in full. However if the Plan continues for the full term, capital is at risk:
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Contract Details
| Cash ISA | Equity ISA | Direct | ISA Transfer | SIPP | |
|---|---|---|---|---|---|
| Availability |  |
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| Minimum contribution | n/a | £3,000 | £3,000 | £3,000 | £3,000 |
| * Credit ratings correct as of 11 August 2025. ** Minimum contributions do not include any applicable adviser charges. † This plan is available for investment through third party SIPP Providers. |
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