C2 Market Linked Security – Flight Centre Travel Group
You can now invest in an Australian dollar, fixed coupon, market-linked security linked to the Flight Centre Travel Group, targeting a 6.25% per annum return.
Flight Centre Travel Group Ltd operates as a retail travel agency in Australia. The Company operates
close to 1200 outlets throughout Australia and internationally including New Zealand, Hong Kong,
South Africa, Canada and the United Kingdom. The Company’s agencies and brands include Flight Centre, Travel Associates and Student Flights.
Flight Centre is a listed Australian household name (ASX: FLT) with a market capitalisation of $4 billion.
The C2 Market Linked Products Series 2023/2 – Flight Centre Travel Group Ltd is not a bank deposit. There is a risk that investors can lose some or all of their money.
Key Information
- Issuer: C2 Specialist Investment Pty Ltd
- Coupon Rate: Targeting 6.25% per annum, paid semi-annually
- 3.25-year DPA (maturity [6] July 2026)
- Issue Price: $100
- ABE Code: C2LF062526
- Minimum Investment: A$10,000
- Currency: The note is denominated in AUD. All Coupons and any Final Value is paid in Australian dollars, without exposure to the exchange rate.
- Reference Entity: Flight Centre Travel Group Ltd
- Senior Unsecured AUD 1.625% convertible bond note maturing 1 November 2028 (or equivalent successor)
- Bloomberg Name: FLTAU 1 ⅝ 11/01/28
- Bloomberg ISIN: XS2400443748
- Bond Rating: Not rated by S&P, Moody’s or Fitch
- Debt Type: Senior Unsecured
Risks
The risks listed below are not all of the risks associated with the activities of an investment in Market Linked Product. For a comprehensive description of the risks, please refer to the Key Risks section of the Term Sheet PDS.
Credit Risk:
Defaults on the underlying security may result in a loss of principal invested and/or interest due under those bonds and the underlying CDS contracts.
This risk is mitigated by:
- The size and global reach of the underlying security;
- The use of Tier One International banking partner
Bond and CDS Market Risk:
A material decline in the value of the Flight Centre brand in relevant market segments will erode the value of the Notes and the underlying CDS contracts
This risk is mitigated by:
- The factors referred to under ‘Credit Risk’ above;
Liquidity Risk:
You may not be able to realise your investment when you want to. The Issuer Buy-Back facility is at the discretion of the Issuer. Issuer Buy-Back requests are determined at the Issuer’s discretion
This risk is mitigated by:
- The Australian Bond Exchange will facilitate the secondary market to enhance liquidity;