hop 5Y UK Defensive Step-down Kickout Deposit Plan (SG37)

Type of product Growth
Type of return Deposit
Investment term 5 years
Underlying FTSE 100 Index
Deposit Taker   Societe Generale
Promoter hop
UKSPA product code   1160 - Protected Kick Out
Summary Risk Indicator   2
Return   5.75% p.a.
Kick Out Barrier   105% | 100% | 95% | 85%
Capital at risk?   No
S&P Rating A (stable outlook)
Fitch Rating A (stable outlook)
Moody's Rating A1 (negative outlook)
Important Dates  
Closing Date ISA Transfer Date Strike Date Maturity Date
08/05/2026 28/04/2026 15/05/2026 15/05/2031
Possible Early Maturity Dates  
Year 2 Year 3 Year 4
15/05/2028 15/05/2029 15/05/2030
Possible Early Maturity Dates  
Description There are set dates during the term ('Early Maturity Dates') when investors might receive an interest payment. If the FTSE 100 closes at or above the required level on one of these dates (please see brochure for details), the Plan will mature early and repay the Amount Invested, together with a fixed interest amount equal to 5.75% for each year that has passed since the Start Date (not compounded).

If there is no early maturity, there are two potential outcomes at maturity:

  • If the FTSE 100 closes at or above 85% of its Start Level at maturity, investors receive a fixed interest amount of 28.75% and capital is repaid in full. 
  • If the FTSE 100 closes below 85% of its Start Level at maturity, investors will receive no interest, only the repayment of their capital in full.

Contract Details

  Cash ISA Equity ISA Direct ISA Transfer SIPP
Availability
Minimum contribution £3,000 n/a £3,000 £3,000 £3,000
* Credit ratings are correct as of 30 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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