hop 5Y UK & Europe 65 Step-Down Kickout Plan (CIBC25)

Type of product Growth
Type of return Investment
Investment term 5 years
Underlying FTSE 100 Index and EURO STOXX 50 Index
Counterparty   CIBC
Promoter hop
UKSPA product code   1260 - Kick Out
Summary Risk Indicator   5
Return   9% p.a. (paid at maturity)
Kick Out Barrier   Y2: 100% | Y3: 95% | Y4: 90% | Y5: 65%
Capital at Risk Barrier   65% European
S&P Rating A+ (stable outlook)
Fitch Rating AA (stable outlook)
Moody's Rating Aa2 (stable outlook)
Important Dates  
Closing Date ISA Transfer Date Strike Date Maturity Date
01/05/2026 17/04/2026 08/05/2026 08/05/2031
Possible Early Maturity Dates  
Year 2 Year 3 Year 4
08/05/2028 08/05/2029 08/05/2030
Possible Early Maturity Dates  
Description There are set dates during the term (each year, from year 2 onwards) when investors might receive a return. If both the FTSE 100 and EURO STOXX 50 close at or above a reducing percentage of their Start Levels on one of these dates, the Plan will mature early and repay the Amount Invested, together with a fixed return equal to 9% for each year that has passed since the Start Date (not compounded).

If there is no early maturity, there are two possible outcomes at maturity:
  • If both indexes close at or above 65% of their Start Levels at maturity, investors receive a fixed return of 45% and the Amount Invested is repaid in full.
  • If either index closes below 65% of its Start Level at maturity, investors will make a loss. They will lose 1% for every 1% fall in the worst performing index from its Start Level.

Contract Details

  Cash ISA Equity ISA Direct ISA Transfer SIPP
Availability
Minimum contribution n/a £3,000 £3,000 £3,000 £3,000
* Credit ratings correct as of 24 March 2026. ** Minimum contributions do not include any applicable adviser charges. † This plan is available for investment through third party SIPP Providers. 

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