Lowes Magazine Issue 130

INVESTMENT

Structured product maturities The table shows the structured investments held by Lowes clients which matured in the first quarter of 2024. Seven of the quarter’s maturing products were designed in co-operation with Lowes, or exclusively for Lowes clients. All of the maturities utilised FTSE 100 or its very close ‘cousin’ the FTSE CSDI as underlying measure and all outperformed the performance of the respective index – in most cases by a considerable margin. We maintain a constant panel of new offers on similar terms, a current example of which offers potential returns of 8.5% for each year held, with maturity triggered by the FTSE being higher on any relevant bi annual observation date. A capital loss would arise at maturity only if a positive outcome had not been triggered during the term and at the final maturity date the FTSE finishes more than 35% down, or if the counterparty – a strongly rated, globally systemically important bank defaults. If you would like to discuss adding further structures to your investment portfolio, please talk to a Lowes adviser.

Maturity date

Term (years)

Gain (%)

Counterparty

Goldman Sachs

29/01/2024 31/01/2024 05/02/2024 19/02/2024 26/02/2024 26/02/2024 26/02/2024 26/02/2024 28/02/2024 04/03/2024 11/03/2024 18/03/2024 18/03/2024 22/03/2024 25/03/2024

2 6 2 3 2 2 2 2 2 2 2 6 2 5 2

16

BNP Paribas

50

Société Générale Morgan Stanley Morgan Stanley Morgan Stanley Morgan Stanley Morgan Stanley Morgan Stanley

15

19.8 14.7 16.2 15.1 18.7

*

* *

13 15 15

Citigroup

* *

Société Générale

BNP Paribas

50

Citigroup

14

Natixis

70

* *

Goldman Sachs

14.8

* Developed in cooperation with Lowes or exclusive for Lowes clients. Adviser and intermediation fees apply.

Lowes.co.uk

12