Fixed Return Bond 14

CAPITAL AT RISK

Closing Date: 26 February 2021 (or earlier if fully subscribed)

26.75% FIXED

RETURN(5.35%

PER YEAR)

SUMMARYRISK

INDICATOR

5MMPI Limited trading as Broker Solutionsis regulated by the Central Bank of Ireland. www.brokersolutions.ie

5YEARTERM

BOND OBJECTIVES

Fixed Investment Return of 5.35% paid out each year (26.75% Total Fixed Investment Return)

Soft Capital Protection

Investment in 3 large bankshares

Access to Capital during the Term

Summary Risk Indicator: 5

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!!!INVESTMENT IN 3 LARGE

BANK SHARES:- Deutsche Bank- Santander- Wells Fargo

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MMPI Limited trading as Broker Solutions is regulated by the Central Bank of Ireland. www.brokersolutions.ie

INDICATIVE KEY FEATURES: Underlying Investments: 3 large bank shares: Deutsche Bank, Santander & Wells Fargo.

Term: 5 years

Fixed Return: 5.35% per annum (paid out each year)

Soft Capital Protection: Investors will receive back their initial capital in the event that none of the 3 shares has fallen by 40% of more at maturity. If any of the 3 shares has fallen by 40% or more at maturity, investors receive the performance of the worst performing share, no matter how much it has fallen.

Soft Capital Protection Provider: Goldman Sachs International

Minimum Return: 26.75%

Maximum Return: 26.75%

Minimum Amount: €25,000

Summary Risk Indicator: 5

Closing Date: 26 February 2021 (or earlier if fully subscribed)

Liquidity: Daily, via stock market listing

Taxation: Income Tax for Personal Investors Exempt for Pension & Post Retirement Investors

SUMMARY RISK INDICATOR:The Summary Risk Indicator (SRI) is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because Goldman Sachs International is not able to pay the Investor. The risk indicator assumes the product is held until maturity. The actual risk can vary significantly if the Investor encashes prior to maturity.

We have classified this product as 5 out of 7:

INVESTMENT RATIONALE:The Bank sector is recovering following initial phase of the COVID 19 pandemic and the historically low interest rates that have prevailed over the past decade. The Stoxx European Banks Index (SX7E Index) started 2020 at 99 before falling to its all time low of 53 in April 2020 in response to the COVID 19 outbreak and settling at around 75 towards the end of the year.

Fund Managers and other investors rotated away from the banking sector (and other sectors perceived to be most adversely effected by the pandemic) favouring the technology and healthcare sectors instead. Some of this rotation has begun to be rebalanced since the announcement of a vaccine with the banking and other initially adversely effected sectors recovering strongly.

Low or negative interest rates have represented a huge challenge for banks and financial institutions since the debt crises over 10 years ago. The Stoxx European Banks Index peaked at 485 in March 2009 and has hovered between 100 and 150 points between 2009 and 2020. The challenge of low/negative interest rates is not expected to go away in the near term, but banks have amassed significantly more capital since the debt crisis and are in a stronger position to grow profitability as a result.

We have selected bank stocks that are:- Large and leaders in their domestic market- Have efficient risk/reward characteristics in a Fixed Return

Bond with an SRI of 5.

In other words, we have selected 3 large bank stocks that produce the most efficient potential coupon in a Fixed Return Bond with a risk score of SRI 5.

MOODY’S CREDIT RATINGS:

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< INVESTMENT GRADE >< SPECULATIVE GRADE >

Source: Various (28 December 2020)

Goldman Sachs International A1

Ulster Bank Ireland DAC Baa1

Allied Irish Bank PLC Baa2

Bank of Ireland Group PLC Baa2

Ba1PTSB Group Holdings PLC

KBC Bank Ireland PLC: Not Rated (S&P BBB)

41 2 3 5 6 7

41 2 3

3

5 6 7

41 2 3 5 6 7

41 2 5

5

6 7

31 2 6 74

AVAILABILITY:Personal Investors: Via a Cantor Fitzgerald Account

Pension & Post Retirement Investors:Eligible Self Directed PlansSelf Administered Schemes

Companies & Trusts etc.: Via a Cantor Fitzgerald Account

Warning: This document is intended for Financial Broker firms only and is not suitable for potential Investors. This

document should be read in conjunction with the product Brochure where a full list

of warnings is provided.