Structured Products Financial Promotion – Important Information

Important Information

This document is a marketing communication provided for information purposes and does not constitute investment advice or a recommendation. It is not intended for distribution in or into the United States of America nor directly or indirectly to any U.S. person. 

Financial Promotion

This document is a marketing communication provided for information purposes and does not constitute investment advice or a recommendation.

Tax, Accounting and Legal

Any services and investments may have tax consequences and it is important to note that SG Kleinwort Hambros Bank Limited does not provide tax advice. The level of taxation depends on individual circumstances and such levels and bases of taxation can change. You should seek professional tax advice to understand any applicable tax consequences. In addition, the material is not intended to provide and should not be relied on for, accounting or legal purposes and independent advice should be sought where appropriate. 

Council Directive (EU) 2018/822 amending Directive 2011/16/EU (“DAC 6”) - United Kingdom

The arrangement described herein may be considered as a reportable cross-border arrangement according to Council Directive (EU) 2011/16 regarding disclosable arrangements under hallmark category D (as amended by The International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2) (EU Exit) Regulations 2020) and, as such, may need to be reported to the relevant tax authorities in accordance with the relevant regulations.

SG Kleinwort Hambros Bank Limited does not provide tax advice and you should consult your tax advisors for any further assistance.

Council Directive (EU) 2018/822 amending Directive 2011/16/EU (“DAC 6”) - Gibraltar

The arrangement described herein may be considered as a reportable cross-border arrangement according to Council Directive (EU) 2011/16 regarding disclosable arrangements under hallmark category D (as amended by The Income Tax Act 2010 (Amendment) (EU Exit) Regulations 2021) and, as such, may need to be reported to the relevant tax authorities in accordance with the regulations. Cross-border arrangements involving tax residents and/or intermediaries situated in Spain may still be subject to DAC 6 reporting under all hallmarks as foreseen in the applicable regulations.

SG Kleinwort Hambros Bank Limited, Gibraltar Branch does not provide tax advice and you should consult your tax advisors for any further assistance.

Confidentiality

This document is confidential. It may not be communicated or notified to any third party (with the exception of external advisers on the condition they themselves respect this confidentiality undertaking) and may not be copied in whole or in part, without the prior written consent of SG Kleinwort Hambros Bank Limited.

Investment Performance

Investments may be subject to market fluctuations and the price and value of investments and the income derived from them can go down as well as up.  Your capital may be at risk and you may not get back the amount you invest. Changes in inflation, interest rates and the rate of exchange may have an adverse effect on the value, price and income of investments. 

Structured Products

In relation to products that aim to return your initial invested capital at maturity there is a risk that you may not receive back all of your investment in the event of a default by the issuer.

Any services and investments may have tax consequences and it is important to note that SG Kleinwort Hambros Bank Limited does not provide tax advice. Clients should seek professional tax advice to confirm the tax consequences of such investments considering their particular circumstances. 

Investments in structured products will not benefit from protections provided by the UK Financial Services Compensation Scheme for clients of SG Kleinwort Hambros Bank Limited or Clients of SG Kleinwort Hambros Bank Limited, Gibraltar Branch. There is no compensation scheme in relation to investment accounts available in the Channel Islands.
 

Marketing

If you do not wish to receive this document in the future, please let your private banker know or call us on +44 (0) 207 597 3000. Telephone calls may be recorded.

Legal and Regulatory Information

This document is issued by SG Kleinwort Hambros Bank Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK. The company is incorporated in England & Wales under number 964058 with registered office at One Bank Street, Canary Wharf, London E14 4SG. Services provided by non-UK branches of SG Kleinwort Hambros Bank Limited will be subject to the applicable local regulatory regime, which will differ in some or all respects from that of the UK. Please see the Information Documents on our website for further information: https://www.kleinworthambros.com/en/important-information.

Compensation Schemes

United Kingdom, Channel Islands and Gibraltar

The UK head office and Gibraltar branch of SG Kleinwort Hambros Bank Limited are covered by the Financial Services Compensation Scheme ("FSCS"). Investors and depositors may be entitled to compensation under the Financial Services Compensation Scheme (“FSCS”) if Kleinwort Hambros cannot meet its obligations, depending on the circumstances of the claim. Most clients – including most individuals and businesses – are covered by the scheme, up to the limit of £85,000 per person. Full details of the scheme are available at: www.fscs.org.uk.

SG Kleinwort Hambros Bank Limited, Jersey Branch is a participant in the Jersey Bank Depositors Compensation Scheme (the “JBDC Scheme”). The JBDC Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any five year period. Full details of the JBDC Scheme and banking groups covered are available at: www.gov.je/dcs.

SG Kleinwort Hambros Bank Limited, Guernsey Branch is a participant in the Guernsey Banking Deposit Compensation Scheme (the “GBDC Scheme”). The GBDC Scheme offers protection for “qualifying deposits” up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any five year period. Full details are available at: www.dcs.gg. For further information about the schemes (including the amounts covered and eligibility to claim), please contact your Private Banker.

Jersey and Guernsey do not have compensation schemes in relation to investment services. However UK-regulated mortgage business conducted by SG Kleinwort Hambros Bank Limited is covered by the FSCS if you were resident in the UK at the time the service was provided. 

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