LONDON - Economic Master Issuer PLC has announced the completion of an update to its residential mortgage-backed note program, initially established on July 31, 2020. The Financial Conduct Authority approved the updated base prospectus for the program on December 24, 2024.
The issuer, which operates under the legal entity identifier (LEI) 635400KXONN4J3OEOG29, has made the base prospectus available for public viewing. Interested parties can access the document, which outlines the terms and conditions of the program, through the National Storage Mechanism, adhering to the applicable securities laws.
The program in question involves the issuance of notes backed by residential mortgages, a common form of investment vehicle that allows investors to gain exposure to the residential mortgage market. The updated prospectus will provide potential investors with essential information regarding the program's structure, risks, and rewards.
This update comes as part of the issuer's regular maintenance and compliance activities to ensure that the program remains current and reflective of the latest market conditions and regulatory requirements. The base prospectus is a vital document that underpins the program's transparency and investor confidence.
The outstanding notes under the program include several series with different International Securities Identification Numbers (ISINs), ranging from the Series 2020-1 Class A2 Notes to the most recent Series 2024-1 Class A Notes (Regulation S).
Economic Master Issuer PLC's announcement is based on a press release statement and is intended for the registered and beneficial owners of the notes. Those interested in the details of the program or considering an investment are advised to seek independent financial advice to understand the implications fully.
The issuer has emphasized that the release, publication, or distribution of the prospectus is not intended for individuals or entities where such actions would be unlawful, specifically noting restrictions in the United States and other jurisdictions.
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