Counterparty Morgan Stanley & Co International PLC

Maximum term 10 years

Capital protection barrier 60% of Opening Level at the Final Measurement Date

Linked assets FTSE 100 EW45 Index

Identifier XS3302588960

Tax treatment Income Tax

The plan starts on the Start Date and is measured quarterly from 7 August 2026. Income equal to 1.875% of the money invested will become payable on each Income Measurement Date where the level of the Index is at or above 75% of its Start Level. This barrier level is called the Income Barrier. Memory Income plans make it possible to recover the Income from any Income Measurement Date where the Income was missed. If both Indices are at or above the Income Barrier at a subsequent Income Measurement Date the missed Income payments will become payable alongside the Income triggered at that subsequent Income Measurement Date. In addition to the above, if on any quarterly Kick Out Measurement Date from 8 May 2028, the level of the Index is at or above a defined percentage of its Start Level, the plan will end early. This is called a Kick Out and the barrier levels are called the Kick Out Barriers.

Income and Kick Out Barriers:
Income: 75% (measured quarterly)
Kick Out: 105% (Q8-Q11), 100% (Q12-Q40)
Potential Income: 1.875% for each quarter in force (7.50%pa)

Customers will get all their invested money back on a Kick Out; or, at the End Date if the End Level of the Index is at or above 60% of its Start Level. This barrier level is called the Loss Barrier. If the End Level of the Index is below 60% of its Start Level, customers will lose money proportional to the fall in the Index.