Lowes Magazine Issue 128

INVESTMENT

Structured product maturities

The table shows the Q3 2023 maturing structured products most commonly held by Lowes clients. Eight of these structures were designed for our clients with our input. All were autocalls linked to the FTSE 100 or its close cousin the FTSE CSDI and all produced returns greater than the rise in the underlying indices over their investment terms.

In the interest of full transparency the quarter witnessed a high-risk, share linked plan that we had ‘Preferred’ in 2017 mature with a uncomfortable loss, tracking the decline in Vodafone share price over the term.

Counterparty

Maturity date

Term (years)

Gain (%)

Société Générale

7/7/23 17/7/23 17/7/23 17/7/23 24/7/23 26/7/23 14/8/23 29/8/23 29/8/23 4/9/23 4/9/23 18/9/23 18/9/23

2 2 2 2 2 4 2 2 2 2 2 2 2

14 14

Citigroup Citigroup

18.4 14.5

Goldman Sachs Société Générale Société Générale

14

30.6

Citigroup Barclays

13

14.5

Credit Agricole Goldman Sachs Société Générale Morgan Stanley Morgan Stanley

14 15 14 14

17.5

Adviser and intermediation fees apply.

Lowes young achiever We are delighted to announce that Helen Grieves has been awarded the Deputy President’s Young Achiever of the Year Award 2023. The award, first launched in 2022, is presented by the Insurance Institute of Newcastle upon Tyne. Helen was judged to be the outright winner, standing out from the other very strong applicants. The judges were impressed by her commitment to financial planning. She not only heads up the Lowes Academy, helping to bring new advisers into the industry, but also has an instrumental role in Lowes’ partnership with the charity RedSTART Educate, going into local schools to deliver financial workshops. On a career level, she has achieved Fellowship of the Personal Finance Society and is now an extremely passionate and client centric adviser too.

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