High Income: 7.6% Income pa even if the FTSE drops by 25%…
The continuing problem for both savers and investors is finding a high enough level of income that can help keep up with the present rate of inflation and still offer a decent overall return. With the potential for 7.6% income each year, the FTSE 100 Income Kick Out Plan from Mariana offers that opportunity.
The potential return is dependent on the performance of the FTSE 100 Index. Should the Index finish at or above 75% of its starting level at the end of each quarter you will receive a 1.9% payment, equivalent to 7.6% per year. Should the Index finish below this level no income will be paid for the quarter.
The plan has a maximum term of 7 years, but also offers the opportunity to receive your initial capital back in full before then if the FTSE has risen by any amount at the end of each quarter from year 2 onwards. If the plan does not end early, your initial capital is returned in full unless the FTSE has fallen by more than 35% at the end of the plan. If this does happen, your initial capital would be reduced by 1% for each 1% fall, so your capital is at risk.
If you are prepared to sacrifice a guaranteed income in return for the opportunity to receive double the rates available from leading fixed rate bonds, this could be a timely opportunity.
Potential quarterly income: 1.9% (equivalent to 7.6% annually) if the FTSE 100 Index doesn’t fall by more than 25%
Potential to mature early quarterly from year 2 onwards if the FTSE 100 Index rises by any amount
Capital at risk product – 65% barrier
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 7 Years
Arrangement fee applies
Minimum single investment: £10,000, or £5,000 if applying online
Maximum ISA investment: £20,000
No maximum for ISA transfers and non-ISA investments
The deadline for this plan has now passed. Please fill in the form below to receive details of the next issue of the plan as soon as it becomes available
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.
Important Information: This is a structured investment plan which is not capital protected and is not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.