INVESTMENT DESCRIPTION
A 6 year Range Income Plan in conjunction with Morgan Stanley. The plan has the potential to pay 2.25% per quarter if the underlying index is between the predefined upper and lower range barriers.
CURRENCY GBP
STRIKE DATE 22/12/2022
ISIN XS2534046557
COUNTERPARTY Morgan Stanley
TYPE Plan
RETURN & BARRIERS
Maximum Term: 6 years
Investment Structure: Range Income Plan
Interest period: Quarterly
Income Rate: GBP = 2.25% per quarter (9.00% p.a.)
Upper Range: 68% of initial Level
Lower Range: 123% of initial Level
Issue Price: 100%
Capital Risk: Not capital protected
Capital Protection Barrier: 65% Final level (Observed at maturity)
MATURITY DATE
22/12/2028