New capital protected investment: Fixed Return of 7.1% pa, if the plan ends early or runs full term…
This new plan from Causeway Securities contains a feature which means it can be ended early each year, from the end of year 2 onwards should the counterparty Credit Agricole decide. If this happens, you will receive 7.1% for each year invested along with a return of your initial capital.
If the plan is not called early and the plan runs for the full 8 year term, then the return is again equivalent to 7.1% pa, a total of 56.8%
Therefore no matter when this plan matures, either early, or at full term you have the security of knowing you will receive a fixed return equivalent to 7.1% pa, plus the full return of your initial capital.
By offering a high fixed growth return, not conditional on any underlying index, combined with full capital protection, this plan offers something different to any other growth investments currently on the market.
Important Information: Although this is a capital protected structured investment plan, it is not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.
Fixed growth return: 7.1% times the number of years invested
Plan can be ended early by the Issuer Credit Agricole from the end of year 2 onwards
If plan not ended early and runs full term, a unconditional fixed return of 56.8% is paid (equivalent to 7.1% pa)
Capital Protected Product
Not eligible for the Financial Services Compensation Scheme
Available for Stocks & Shares ISA, ISA Transfer and Direct Investments. Also available to businesses, charities, trusts and SIPP and SSAS pension schemes
Investment term: Maximum 8 Years
Arrangement fee applies
Minimum single investment: £10,000
Maximum ISA investment: £20,000
No maximum for ISA transfers and non-ISA investments
ISA Transfer Applications: 5 December 2023
Direct & ISA Applications: 19 December 2023
Reduced arrangement fee: For investments of £100,000 or more into this plan, processed through Fair Investment Company, your arrangement fee will be reduced to 2% of your original investment.