Marks & Spencer PLC
Fixed Rate Bond Linked Security
You can now invest in a new Australian dollar, fixed coupon, and bond linked over Marks & Spencer PLC yielding a 6.00% per annum return.
Marks & Spencer provides retail of clothing, food, and home products through a network of 1,487 stores and 98 websites globally. Across the company’s stores, support centres, warehouses and supply chain, they serve over 30 million customers each year.
Marks & Spencer Group PLC is a leading British Retailer and a global household name (London Stock Exchange: MKS) being a member of the FTSE 250 index with a market capitalisation of £2.67 billion.
This bond can help you introduce sector diversification to your investment portfolio.
Key Information
- Issuer: C2 Specialist Investment Pty Ltd
- Coupon Rate: 6.00% per annum paid every 6 months.
- 3.7-year note (maturity May 2026)
- Issue Price: $100
- ABE Code: [C2MF060026]
- Minimum Investment: A$10,000
- Currency: The note is denominated in AUD. All Coupons and any Final Value is delivered in Australian dollars, without exposure to the exchange rate.
Marks & Spencer Unsecured Bond Reference Asset
- Marks & Spencer PLC Senior Unsecured GBP 3.75% Bond maturing 19 May 2026
- Bloomberg Name: MARSPE 3 ¾ 05/19/26
- Bloomberg ISIN: XS2258453369
- Debt Type: Senior Unsecured
Risks
The risks listed below are not all of the risks associated with the activities of an investment in Yield Enhanced Securities.
Credit Risk: Defaults on the underlying security may result in a loss of principal invested and/or interest due under those Notes
This risk is mitigated by:
- The size and global reach of the underlying security;
- The use of Tier One International banking partner
Bond Market Risk: A material decline in the value of Marks & Spencer brand in relevant market segments will erode the value of the underlying bond.
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
ABE Documents
Marks & Spencer – Target Market Determination