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About Investment Plans

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Investment Plans allow investors to access the performance of an underlying asset such as an index, commodity or single stock with some or all of their capital protected at Maturity. Through our extensive range of Capital Protection, Yield Enhancement and Growth Participation products, investors of all risk appetites can now access opportunities in rising, falling or flat markets. 

The performance of the Plan is generally dependent on the underlying asset chosen, to fulfil a specific objective. This may be to remain above a specific level each year, or simply to rise by the end of the Investment Term. Returns can be fixed, unlimited or leveraged depending on the product chosen. This means that investors have the opportunity to gain an attractive level of return in virtually any market conditions.

Choosing an Investment Plan

With such diversity of products available under the range of the Investment Plans, choosing the right one for your client will depend entirely on their investment objectives, view to risk and time horizon. The table below provides a quick introduction to the three main types but you will be able to find out more by reading the the Product Guide for the individual Investment Plan that you are looking at.


3 Broad categories of Structured Product

Capital Protection

Yield Enhancement

Growth Participation


Invest in the markets with the re-assurance that capital will be returned at Maturity.

The potential to generate a fixed level of return based on a specific investment scenario, ie. the underlying asset achieving a certain level on a certain date.

The potential to enhance returns from rising, falling or both rising and falling markets


  • Capital protected
  • Autocalls
  • Synthetic Zero
  • Range Accrual
  • Accelerated Tracker
  • Bear Accelerator
  • Twin Win
  • Bonus
  • Recovery

How long is the Investment Term?

Investment Plans have a fixed Investment Term of approximately 6 years. Unlike a regular savings account, Investment Plans are designed to be held for the full Investment Term. Some Investment Plans, such as Autocalls, have the potential to mature early, in which case investors will receive their capital and returns (if any due) before the entire Investment Term has elapsed.

Investors can sell back their Plan before Maturity but they may get back less than their initial deposit, and they will be charged for an early withdrawal.

Why are Investment Plans popular?

Investment Plans offer a solution for investors who are looking for returns similar to investing in equities, but with the some degree of capital protection at Maturity.

What makes Societe Generale Investment Plans different?

As an alternative to a more traditional plan where investors can lose up to 100% of their investment if the Issuer were to default or become insolvent, Societe Generale Investment Plans are designed to mitigate Counterparty Risk through the use of Collateral whilst also diversifying Investment Risk.

Instead of being 100% exposed to SG Issuer as the Issuer of the Plan, or Societe Generale as the Guarantor, Counterparty Risk is mitigated by the introduction of a pool of Collateral Assets, which can be sold to recover the value of your client’s investment should the Issuer default or become insolvent.

In addition, the Plans are exposed to the equally weighted Investment Risk of 3 or 4 major UK or global institutions with UK Three / UK Four and Global Four Plans or the UK Government with UK Gilts Plans.

What impact does spreading investment risk across the UK Three or UK Four give to potential returns?

Let's then look at a UK Three Plan as an example.

The UK Three Plans not only aim to meet the diversification needs of investors, but also to exceed their expectations in terms of potential returns. We can demonstrate this by looking at the following product as an example, and showing the affect that the UK Three model has on the Potential Coupon

Product example: a SG Collateralized Investment Plan

Product Type Kick Out Plan
Securities Issuer SG Issuer
Guarantor Societe Generale
Counterparty Risk Mitigated through the use of a pool of Collateral Assets
Collateral Assets Gilts, Investment Grade Bonds and/or equities comprising the FTSE 100, the S&P 500, Nikkei 225, EuroStoxx 600, Hang Seng and SMI Index
Underlying Asset FTSE 100 Index
Investment Term Maximum 8 year
Potential Early Expiry Annual from year 2 of the Investment Term
Kick Out Levels 100% in years 2-8


Potential coupon payments based on the Plan above

  UK Three Plan Collateralised Plan
Diversified Investment Risk Spread equally across 3 major UK institutions (33.33% per institution) N/A
Potential Gross Coupon Payment 9.90% (not compounded) 8.25% (not compounded)

 Source: Societe Generale. Pricing as of August 20, 2018.

The risk / return tradeoff

The SG Collateralised Investment Plan would provide a potential annual Coupon Payment of 8.25%. The Counterparty Risk to Societe Generale has been mitigated by the introduction of a pool of Collateral Assets, and no further Investment Risk has been applied.

Conversely, the UK Three Plan provides a higher potential annual Coupon of 9.90%. The Counterparty Risk to Societe Generale has again been mitigated by the introduction of Collateral Assets. However, in addition, the UK Three Plan is equally exposed to the Investment Risk of three institutions,  which in the case of the above are Barclays PLC, Lloyds Banking Group PLC and HSBC Holdings PLC. As such, if any one of these institutions were to default or become insolvent, 33.33% of your client’s capital would be at risk at Maturity. Investors are compensated for this risk with an increased Potential Coupon.

Who are Investment Plans suitable for?

Investors are likely to have a medium to long term view on their investments. For instance investors may be looking for medium to long term growth or income in their portfolio and would place tax efficiency as an important consideration, or they may be prepared to forego interest payments in order to pursue the potential for higher returns.


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Terms & Conditions

Terms & Conditions of Societe Generale Structured Investments Website (“the Terms”)

The use of Societe Generale’s (“SG”) Structured Investment website is subject to the following Terms, which should be read carefully.

The information, services and products on this website are intended for use only by financial advisers (herein “Financial Advisers”) and are not aimed at or intended for use by retail investors or persons who are residents of any other jurisdiction, other than the United Kingdom.

The information on, and any opinions contained in, this website does not constitute, a public offer under any applicable local laws or regulation or an offer to sell, solicit for or an offer to buy any securities or financial instruments or advice or recommendation relating to such securities or other financial instruments, or representations relating to any investment strategy and or the suitability of any securities.

From time to time you should check this website page to review these Terms to ensure that you are happy with any changes, as SG reserves the right to vary the Terms at any time. Any and all changes will be posted on the SG IFA’s home page. By your acceptance of the Terms and continued use of the SG IFA website, you agree to be legally bound by any and all such changes to these Terms. Please do not continue to use the SG IFA website if you do not agree to these Terms. For an explanation of the terms defined in this website please see the Glossary, which may be accessed through the ‘Getting Started’ menu.

Should you have any questions relating to these products or Terms please contact SG at or using the telephone number 0203 100 8880.

Any investment in the products listed on the SG IFA website will be governed by the terms and conditions applicable to the product.


This website is made available in the United Kingdom (“UK”) by the London Branch of SG.Societe Generale is a French credit institution (bank) that is authorised and supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) (the French Prudential Control and Resolution Authority) and regulated by the Autorité des marchés financiers (the French financial markets regulator) (AMF). Societe Generale London Branch is authorised by the ECB, the ACPR and the Prudential Regulation Authority (PRA) and subject to limited regulation by the Financial Conduct Authority (FCA) and the PRA. Details about the extent of our authorisation, supervision and regulation by the above-mentioned authorities are available from us on request.

The London Branch of SG is registered in the UK under branch registration number 124866, at SG House, 41 Tower Hill, London EC3N 4SG.

This website is maintained by Everlution Software on behalf of SG.


This website is intended only for Financial Advisers whose clients are resident in the United Kingdom. Financial Advisers should ensure that their clients are aware that holdings in these Plans may not be covered by the provisions of the Financial Services Compensation Scheme, or by any similar scheme. 

In particular, the investments can be neither offered nor transferred in the United States of America. By clicking “I Agree” to the Terms of this website and accessing the information on the website, you shall be deemed to have represented to us that you are not a U.S. person and that you are not located in the United States of America, its territories and possessions, and any State of the United States of America and that you are authorised to receive the information to and on this website.  


The Plans described within this website are not suitable for everyone. Investors’ capital is at risk. Financial Advisers should not advise their clients to invest in these Plans unless they understand their nature and the extent of their exposure to risk.

The value of these Plans may be exposed to fluctuations in rates of exchange, and these may have an adverse effect on the value or price of the Plan. Information in the website on past performance cannot be relied upon as a guide to future performance. The value of these Plans can go down as well as up and investors may get back less than their initial investment.

This disclaimer cannot disclose all the risks and other significant aspects of the Plans. You should study the risk factors attached to these products that are disclosed below and throughout this website. 


Key risks for Investment Plans

Capital is at risk and investors could lose some or all of their capital.

If SG Issuer and Societe Generale were to default or become insolvent, the products will terminate immediately. The amount that your client receives back for their investment will depend on i) the market value of their Investment at that time and on ii) the value of the Collateral Assets at the time of expiry and your client may receive back less than your initial investment.

Liquidity risk: Societe Generale aims to provide a secondary market for the products during the investment term. However, certain exceptional market circumstances may have a negative effect on the liquidity of the products, and even render the products entirely illiquid, which may make it impossible to sell the products and result in the partial or total loss of the invested amount. There is no liquid market on which these products can be easily traded, and this may have a material adverse effect on the price at which these products might be sold. Therefore, the investor may lose part or all of the invested amount.

As with all similar structured investments, in the event of Counterparty or Issuer insolvency your client will not have recourse to the Financial Services Compensation Scheme.

Market risk: The products may be subject to significant price movement at any time before maturity, which may in certain cases lead to the loss of your entire capital invested.

Key risks for Deposit Plans

If SG Hambros Bank Limited becomes insolvent or fails to repay the amounts due, you could lose some or all of your initial deposit and any Gross Return owed to you on the Plan Maturity Date. As with any deposit, if the Deposit Taker fails to pay or becomes insolvent you may be eligible to claim under the UK Financial Services Compensation Scheme (“FSCS”) up to the scheme limits. For further information visit

In order to provide the performance of a Deposit Plan, the Deposit Taker will enter into a linked transaction with SG. In the event an ‘Extraordinary Event’ were to occur whereby for example, SG becomes insolvent, and the Deposit Taker was unable to match the terms of the linked transaction with another provider, the Deposit Taker may not be able to maintain the returns or income stipulated for a Deposit Plan. In such circumstances the income or return investors receive from a Deposit Plan may be less than the headline rate. The investor’s Counterparty Risk with SG relates only to the terms of the income or return which can be offered by a Deposit Plan. The solvency of SG has no effect on the actual deposit.

Market risk: The deposit Plans may be subject to significant price movement at any time before maturity. If you were to withdraw from the Plan early you could get back less than your initial deposit.


This Risk Warning is available to view at all times via a link at the top of each page. It will not appear each time you will access this website in future. However, you should refer to it periodically to remain familiar with the relevant risks associated with these Plans. 


The purpose of the suitability test is to ensure that the products and services offered meet the client’s investment objectives. In addition, it ensures that the client shall be able financially to bear the risks of the investment (including any relevant loss of capital) and that the client has the necessary experience and knowledge to understand these risks. 
When providing personal recommendations in relation to these Plans each Financial Adviser is required to and must have undertaken a suitability test and must only recommend products and services that are in accordance with the results of the suitability test.

Please note that SG does not provide investment advice: 


Any third-party advertising, information and referral buttons containing hyperlinks are not recommendations or endorsements by SG or its respective directors, affiliates or employees.  SG accepts no responsibility for the hypertext links to other websites, for the contents of any linked websites or for any loss or damage that may arise from your use of them.  You are referred to the relevant third party for all relevant information, including complete information on that entity's investment adviser or dealer licensing status (if applicable).

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The information in this website is, to Societe Generale's knowledge, reliable and accurate but this cannot be guaranteed. The views of Societe Generale reflected in this website may change without notice. Figures included in this website take no account of personal tax liability. No investment decision should be taken without reading the Final Terms relating to the particular product concerned. A copy of the Final Terms of each relevant product may be obtained from Societe Generale at 10 Bishops Square, London E1 6EG upon request.


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The SG IFA website has not been prepared with a view to any specific investment objective or financial situation or with the needs of any particular investors in mind.

Figures included in the SG IFA website take no account of personal tax liability. The tax treatment of a Plan depends on the individual circumstances of the investor and may be subject to change in future.

Any returns referred to in the SG IFA website are illustrative only and do not constitute projections of expected returns unless expressly specified as such.

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