Investment Length | 6 years |
---|---|
Product currency | GBP |
Product type | Callable |
Vehicle | Deposit |
Capital | Protected
|
Aim | Growth |
Asset style | Single |
Opening date | 03 Jan 2019 |
---|---|
Closing date | 21 Feb 2019 |
Strike date | 21 Feb 2019 |
Final market date | 21 Feb 2025 |
Report published | 04 Jan 2019 |
Underlying Asset | FTSE 100 Index |
---|---|
Counterparty | Goldman Sachs International Bank |
Issuer credit rating | S&P: A+ , Moody's: A1 , Fitch: A |
Credit rating band | A band (Lower median rating taken to determine band) |
Tax wrapper(s) | As available on each platform |
Min/Max Investment | Minimum: £5,000 |
Identifier Reference | GS00SD000441 |
PRIIPs SRI | 2 |
Potential Returns:
This product is classified by FVC as a 'Callable'.If the issuer redeems the product on any of the observation dates, the product will pay a fixed return and mature early, returning the initial investment in addition to a fixed return. The first issuer call date is after 1 year. The full call schedule for this product is shown in figure 4.
If the product is not called by the issuer on any call date this product pays the investor returns equal to 3 times market growth applied to 100% of the investment in the FTSE 100, measured from 100% of the strike level. For example, if the final underlying asset is 20 percentage points higher than the strike level, i.e. the FTSE 100 finishes at 120% of its strike level, the investor will be paid 100% of their initial investment plus a return element of 60% to give a total of 160%.
Capital Repayment:
Capital is protected at maturity. Regardless of the performance of the underlying asset, investors will receive at least 100% of their initial investment amount at maturity, subject to the credit risk of the issuer.Figure 1 : Statistics
This product | All products | All Protected | |
---|---|---|---|
Overall score | 8.36 | 7.40 | 7.34 |
Price score | 8.71 | 7.84 | 7.57 |
Return score | 8.00 | 6.96 | 7.12 |
Riskmap (0-10 scale) | 1.59 | 2.57 | 1.49 |
Market riskmap | 0.98 | 2.35 | 1.20 |
Credit riskmap | 0.61 | 0.22 | 0.29 |
Maturity | 6.00 | 5.94 | 5.44 |
Duration | 3.79 | 3.36 | 4.31 |
Figure 2 : Payoff chart
Figure 3 : Comparison chart
Figure 4 : Investor results summary
Result | Investment length (years) |
Average payoff (%) |
Simulated probability (%) |
Backtested frequency (%) |
---|---|---|---|---|
Call at point 1 | 1.00 | 108.00 | 16.79 | 20.72 |
Call at point 2 | 1.25 | 110.00 | 5.84 | 12.97 |
Call at point 3 | 1.50 | 112.00 | 4.15 | 13.68 |
Call at point 4 | 1.75 | 114.00 | 2.94 | 6.84 |
Call at point 5 | 2.00 | 116.00 | 2.34 | 0.83 |
Call at point 6 | 2.25 | 118.00 | 3.44 | 1.27 |
Call at point 7 | 2.50 | 120.00 | 2.97 | 3.36 |
Call at point 8 | 2.75 | 122.00 | 2.52 | 1.46 |
Call at point 9 | 3.00 | 124.00 | 2.46 | 2.65 |
Call at point 10 | 3.25 | 126.00 | 2.30 | 3.28 |
Call at point 11 | 3.50 | 128.00 | 1.95 | 1.42 |
Call at point 12 | 3.75 | 130.00 | 2.03 | 1.46 |
Call at point 13 | 4.00 | 132.00 | 1.81 | 1.30 |
Call at point 14 | 4.25 | 134.00 | 1.68 | 1.23 |
Call at point 15 | 4.50 | 136.00 | 1.53 | 0.99 |
Call at point 16 | 4.75 | 138.00 | 1.38 | 1.19 |
Call at point 17 | 5.00 | 140.00 | 1.34 | 0.24 |
Call at point 18 | 5.25 | 142.00 | 1.52 | 0.55 |
Call at point 19 | 5.50 | 144.00 | 1.53 | 0.63 |
Call at point 20 | 5.75 | 146.00 | 1.29 | 0.79 |
Return above full capital at maturity | 6.00 | 128.99 | 6.04 | 12.06 |
Full capital return | 6.00 | 100.00 | 32.15 | 11.07 |
Figure 5 : Prospects for return of capital
Outcome | Simulated probability | Backtested frequency |
---|---|---|
Return less than capital | 0.00 | 0.00 |
Return exactly capital | 32.15 | 11.07 |
Return more than capital | 67.85 | 88.93 |