Lowes Autocall Guide - 2024 Update

Content

Preface

3 4 5 6 7 8

Introduction

The terms of the first autocall Maturity performance Performance comparison

Capital at risk

Capital protection barriers 9 Deposit-based/capital-protected variants & sector dominance 10 What’s underlying? 11 Defensive, neutral, or optimistic shape... 12 First call, last call & frequency 13 Backtesting 14 Tax 15 Plan managers, administrators and custodians 16 Early surrender & charges 17 Where to buy 18 Appendix A - FTSE CSDI 19 Appendix B - Early surrender example 20

Important information This guide is intended for UK investors only and does not constitute personal advice or a recommendation to invest. All investments carry risk of loss which in extreme circumstances could be substantial. Past performance may not be repeated and is therefore not a guarantee of future results. Any reference to taxation could differ in respect of your own circumstances. Taxation rates, reliefs and exemptions are subject to change. If you have any potential misunderstanding about taxation implications, the risk

associated with a proposed course of action, or doubts as to its suitability for you, you should contact a qualified financial adviser. This guide has been produced and published by Lowes Financial Management Ltd using information and data collected by Lowes over amore than two decades. All rights reserved. Lowes Financial Management Limited is authorised and regulated by the Financial Conduct Authority. (FCA register number 114650).

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