6-Year 100% Capital Protected Autocall — GBP 8.70% / USD 9.06% p.a.

What this plan is

This is a six-year capital protected growth plan. You invest a lump sum. At the end of the term you are contractually due 100% of your original investment back, regardless of how stock markets have behaved in the meantime. On top of that, you have the opportunity to earn 8.70% a year in sterling or 9.06% a year in US dollars, before tax.

Unlike most stock-market investments, there is no level at which falling markets start eating into your capital. There is no downside barrier on this plan. What you are risking is not your money — it is the return on your money, and the time it is tied up.

How it works

The plan is linked to four well-known stock market indices. Nothing is paid out along the way. Instead your return accumulates quietly in the background, at 4.35% every six months in sterling or 4.53% in dollars.

From the third anniversary, the plan is checked every six months. On each check date, if all four indices are at or above the level they started at, the plan matures there and then. You receive your original investment back plus every six-monthly instalment that has built up since day one — including the whole of the first three years.

If the indices are not all in the right place on a check date, nothing is lost and nothing is forfeited. The plan simply rolls on to the next check six months later, and your return carries on building. If that never happens across the full six years, the plan runs to maturity and returns 100% of your capital, with no return added.

This is what is known in the industry as an autocall with a snowballing coupon. The plain-English version: it can finish early, and the longer it runs before finishing, the more it pays.

What you could earn

The figures below are the total return you would receive on top of your original investment, depending on which check date the plan matures on. They are gross of tax and conditional — they are only paid if all four indices meet the condition on that date.

In money: £100,000 invested would return £126,100 if the plan matured at year three, or £152,200 if it ran the full six years and matured then. If the condition is never met, you would receive your £100,000 back and no return at all.

The four markets

The plan follows four established stock market indices, deliberately spread across different economies rather than concentrated in US large-cap technology:

OMX Stockholm 30 — the 30 most actively traded stocks on the Stockholm exchange, reconstituted twice a year.

FTSE MIB — the 40 most liquid and highly capitalised shares on Borsa Italiana, Italy's main market.

Nikkei 225 — a price-weighted average of 225 leading Japanese companies listed in Tokyo.

Russell 2000 — the 2,000 smallest companies in the Russell 3000, the standard benchmark for US smaller companies.

One feature worth understanding properly: all four have to be above their starting level on the same day for the plan to mature early. Three performing well and one slightly behind means you wait another six months. Because your capital is protected either way, that shows up as a delay rather than a loss — but it is precisely why the plan is built to run for up to six years, and why you should be comfortable committing the money for that long.

How this structure has behaved historically

A twelve-year back-test was run over 1,501 rolling scenarios, using data from 1 August 2014 to 1 August 2026, applying these exact plan terms to every possible historical start date.

Across those 1,501 scenarios, 100% would have matured early and paid all available coupons, and 100% would have returned full capital. Most matured at the first opportunity: around 65% at the year-three check, a further 18% at year three and a half, and 7% at year four. Source: Bloomberg, 5 August 2026.

Past performance is not a reliable indicator of future performance and should not be used to assess future returns or risks. A back-test shows how these terms would have behaved against history that has already happened; it says nothing about the next six years, and the four indices could just as easily spend the entire term failing to line up.

Key dates

Applications must be completed and funded before the subscription deadline.

Who this tends to suit

Clients who come to us for plans of this kind usually have money sitting in cash or a maturing deposit, want to do materially better than a savings rate, and are not comfortable watching an investment fall in value. They can also comfortably leave the money untouched for the full six years.

It is not right for you if you might need the money back sooner, if you need a regular income — this plan pays nothing until it matures — or if you would rather take full market risk in exchange for uncapped upside.

What to bear in mind

Who stands behind the protection. The promise to return your capital is a contractual obligation of the bank that issues the plan. It is not a government guarantee and it is not covered by the Financial Services Compensation Scheme. If that bank became insolvent or otherwise could not pay, you could lose some or all of your investment. We will tell you exactly which institution it is, and how it is rated, when we send you the full details.

You might earn nothing. If the four indices never line up on a check date, you receive your original investment back and no return, after six years.

Your money is committed. The plan is designed to be held to maturity. Daily pricing means it can normally be sold beforehand, but the trading price will likely mean you get back less than you invested — selling early gives up the capital protection.

Your return is capped. If the four markets rise strongly, you receive the fixed coupon and nothing more. The protection is paid for by giving up the upside above it.

Inflation. Getting 100% of your money back is not the same as getting back what it was worth. Six years of rising prices reduces what that sum will buy.

Tax. Every figure here is gross. What you actually keep depends on your circumstances and country of residence, and tax rules can change.

Finding out more

Request the full details below and one of our advisers will send you the complete terms, including the name and credit rating of the issuing institution, the plan documentation and the key information document. There is no cost and no obligation in asking.

Important: Global Investments acts as an intermediary; we do not issue this plan. This page is a summary for information only. It is not financial advice, not a personal recommendation, and not an offer to buy or sell. It does not take account of your circumstances, objectives or attitude to risk. The returns shown are gross and conditional, and the examples are illustrations rather than forecasts or guarantees. Capital protection applies at maturity only, depends on the issuing institution remaining able to meet its obligations, and is not covered by the FSCS. Please read the full plan documentation and take independent financial advice before investing.