hop 5Y Japan Kickout Plan (CIBC28)

Type of product Growth
Type of return Investment
Investment term 5 years
Underlying Nikkei 225 Index
Counterparty   CIBC
Promoter hop
UKSPA product code   1260 - Kick Out
Summary Risk Indicator   5
Return   14.25% p.a. (paid at maturity)
Kick Out Barrier   Y1: 100% | Y2: 100% | Y3: 100% | Y4: 100% | Y5: 100%
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
15/05/2026 05/05/2026 22/05/2026 22/05/2031
Possible Early Maturity Dates  
Year 1 Year 2 Year 3 Year 4
24/05/2027 22/05/2028 22/05/2029 22/05/2030
Possible Early Maturity Dates  
Description There are set dates during the term (each year, from year 1 onwards) when investors might receive a return. If the Nikkei 225 closes at or above 100% of  its Start Level on one of these dates, the Plan will mature early and repay the Amount Invested, together with a fixed return equal to 14.25% for each year that has passed since the Start Date (not compounded).

If there is no early maturity, there are three possible outcomes at maturity:
  • If the Nikkei 225 closes at or above its Start Level at maturity, investors receive a fixed return of 71.25% and the Amount Invested is repaid in full.
  • If the Nikkei 225 closes at or above 65% of its Start Level at maturity, investors receive no return but will be repaid their Amount Invested in full.
  • If the Nikkei 225 closes below 65% of its Start Level at maturity, investors will make a loss. They will lose 1% for every 1% fall in the FTSE 100 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 April 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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