Minimum investment amount £10000
The Walker Crips UK Step Down Kick-out Deposit Plan (SAN107) is a 5 year investment which provides a potential return of 5% per annum and a potential kick-out from year two, dependent on the performance of the FTSE 100 Index. This plan is only available on an Advised basis.
Important: The closing date for applications by cheque is 26 November 2025 and by bank transfer is 28 November 2025.
The closing date for ISA transfer applications is 14 November 2025.
Product Literature And Forms
You should always read the relevant plan brochure and any other plan documentation, for full details of the plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions, there are other important documents, including a Key Information Document (‘KID’), that you should consider before deciding to invest in the plan.
If you do not fully understand the risks or are unsure as to the suitability of the investment, please contact us
How To Invest?
Please note: This plan is available on an advised basis only. If you are interested in this plan, please telephone us on 01639 860111 to arrange a free consultation.
1. Call for a free initial telephone consultation. If you wish to progress the process of the product purchase, the regulatory process of ‘advice’ must commence.
2. The completion of a financial review – which will confirm details of your income/capital and investment needs and experience.
3. The completion of a risk profiler – which will help to measure your attitude to risk.
This process will enable ‘advice’ to be provided in relation to the suitability of the product to meet with your needs. The fee for this service and process is 1.5% (subject to a minimum fee of £300) for focused advice – which is focused and narrowed to the suitability of the structured product you want to purchase.
Further Information
The Walker Crips UK Step Down Kick-out Deposit Plan (SAN107) is a 5 year investment which provides a potential return of 5% per annum and a potential kick-out from year two, dependent on the performance of the FTSE 100 Index. This plan is only available on an Advised basis.
When investing in the UK Step Down Kick-out Deposit Plan, repayment of your Initial Investment and any potential return is not guaranteed but is dependent on the performance of the FTSE 100 Index.
If, on an Anniversary Date, the Index closes at or above the required Kick-out level the Plan will end and your Initial Investment will be repaid to you, plus an accumulated return of 5% for each year that has elapsed since the Investment Start Date. If, however, the Index closes below the required Kick-out level on an Anniversary Date, the Plan will continue to the next Anniversary Date.
Kick-out feature: If the Index is at or above the required Kick-out level on an Anniversary Date, the Plan will mature early (kick-out) and repay your Initial Investment plus a defined return
Step down feature: The required Kick-out level reduces each year from the third anniversary, and annually thereafter. The required Final Index Level is 85% of the Initial Index Level
Where the Plan has not matured early and runs to the full five year term, you may not receive any return on your Initial Investment on the Investment End Date.
The Counterparty is Santander UK plc which holds an ‘A stable’ credit rating from Standard & Poor’s as at 1 October 2025.
What Are The Risks Of The Plan?
As with all forms of investment there are risks involved.
You must be prepared to leave your deposit invested for the full fixed term otherwise you may get back less than you put in
A standard cash deposit account will repay your deposit in full, regardless of when you withdraw. Structured deposits are different because their value during the fixed term depends on many factors including interest rates, the creditworthiness of the deposit-taker and any ups and downs in the value of the underlying asset or index to which the return is linked. You will get your money back plus the potential returns if you hold your deposit until maturity, but the amount you would get back if you needed to withdraw early may vary significantly and some structured deposit providers may also charge an exit fee for early withdrawal.
There is a risk that you will receive no return on your deposit
For example, if you are promised a return linked to how the stock market performs, and it falls during the fixed term, then your return could be zero (assuming there is no minimum return) so you will just get back your deposit. You must be comfortable that this is a risk you are willing to take, and that receiving no return at all would not cause you financial difficulties. You should also understand how returns are calculated over the period of the product and whether this is based on specific points in time or averaged over the whole term of the deposit.
Inflation could erode the value of your deposit
Inflation is the rise in the price of goods and services over time. It means that your money will be able to buy less in the future than it does today. If you were to put money in a structured deposit and there was high inflation over the fixed term, your deposit at the end of the term would be worth less than it was at the start of the term. Of course, this risk also applies to any savings or investment product that is not inflation-linked.
There are limits on how much you can claim under the Financial Services Compensation Scheme
Structured deposit plans are deposit-based and will usually be fully protected from stock market risk at the end date and benefit from the protection of the Financial Services Compensation Scheme, if the counterparty is a licensed UK deposit taker. The Financial Services Compensation Scheme (FSCS) is the UK’s deposit guarantee scheme. This provides for compensation of up to £85,000 per UK-eligible individual claimant per institution in the event of failure of the counterparty bank or institution for the aggregated amount of all eligible deposits held with them. Please refer to the individual plan brochure for details.
