Structured Products Annual Performance Review 2020

Headline Data

All Products

Lowes 'Preferred' Plans

Structured Product Maturities 2019 Number of Product Maturities

334 315

71 71

Number that Generated Positive Returns Number that Returned Capital Only

15

0 0

4

Number that Lost Capital

3.81

Average Duration / Term (Years) Average Annualised Returns All Capital at Risk Products

3.68

5.73% 8.95% 1.81% 0.37% 3.01% 5.05% 3.81% 6.74% 9.38%

7.22% 9.60% 4.77% 2.44% 4.38% 5.64% 6.03% 7.80% 9.82%

All Products Upper Quartile Lower Quartile Upper Quartile Lower Quartile Upper Quartile Lower Quartile All Deposit Products

Key Takeaways

• 94.31% of all products maturing in 2019 generated positive returns for investors, with 4.49% returning capital only and 1.20% (four) returning a loss.

• In 2019, all Lowes ‘Preferred’ plans that matured resulted in gains. On average the returns of these maturities were 1.49% per annum greater than the sector as a whole.

• Four share-linked plans lost capital in 2019. The two shares that ultimately determined the loss to investors’ capital were Standard Chartered plc (3 plans) and Marks & Spencer (1 plan).

Continued...