Important information to consider

• The Plan provides a yearly payment fully linked to UK inflation (RPI) and this is achieved by exposing your initial investment to risk. If the level of the FTSE 100 Index at any time during the term of the Investment is less than 50% of the Initial Index Level:

a. Non-ISA investments – 62.5% of your initial Plan investment is at risk on a one-to-one basis if the Final Index Level is less than 62.5% of the Initial Index Level,

b. ISA investments – 100% of your initial Plan investment is at risk on a one-to-one basis if the Final Index Level is less than 100% of the Initial Index Level.

In the case of both non-ISA and ISA investments, if the FTSE 100 does not fall below 50% of it’s initial level, an amount equal to your initial investment is returned at maturity.

• Your circumstances could change and this might force you to sell your Investment early. If this happens you may get back less than the amount you originally invested. The value of the Plan will be determined in part by the price at which the Investment can actually be sold on the relevant Dealing Date.

• The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax reliefs depend on individual circumstances. The favourable tax treatment of ISAs may not be maintained in the future and is subject to changes in legislation.

• Before you make a transfer of existing investments into this Plan you should consider any charges or costs for the transfer, the potential for loss of income or growth whilst the transfer is pending, and whether the risk to your capital in this Plan is suitable for you.

• When Investec Bank (UK) Limited receives your investment, it will be deposited into a Client Money account at HSBC Bank plc (‘HSBC’). In the event of Investec Bank (UK) Limited’s insolvency during this period, your money will be protected. However, there is a risk that HSBC may fail to meet its obligations. In the event of HSBC’s insolvency your money will not be protected and you must rely on your right of recourse to the Financial Services Compensation Scheme.  You may lose all or part of your initial investment.  

• At the Investment Date your money will be pooled and transferred to an account at Investec Bank (UK) Limited and (except as described in the following paragraph) applied to purchase one or more securities with a fixed maturity date from Investec Finance plc. These securities have been specifically structured to match the Investment Objectives of the Plan. Investec Finance plc is a subsidiary of Investec Bank (UK) Limited, and Investec Finance plc’s obligations under these securities are guaranteed by Investec Bank (UK) Limited. There is a risk that Investec Bank (UK) Limited may fail to meet its obligations. In the event of Investec Bank (UK) Limited’s insolvency your investment will not be guaranteed and you will have no recourse to the Financial Services Compensation Scheme in respect of such securities. You may lose all or part of your initial investment. Investec Bank (UK) Limited’s capacity to meet its financial commitments is considered stable by a leading credit rating agency, FitchRatings.

• In the case of non-ISA investments only (direct investments, SIPP/SSAS pension arrangements), after the Investment Date a portion of your initial investment will continue to be held in an account at Investec Bank (UK) Limited until it is required to be returned to you as a yearly return payment in accordance with the Terms and Conditions of the Plan. There is a risk that Investec Bank (UK) Limited may fail to meet its obligations. In the event of Investec Bank (UK) Limited’s insolvency your money will not be protected and you must rely on your right of recourse to the Financial Services Compensation Scheme in respect of such amounts.

• The terms of the Investment may permit the issuer of these Investments to withhold, defer, reduce or even terminate payments in certain events and, as a result, you may receive less than you would otherwise have anticipated, or you may have to wait for the proceeds.

• The FTSE 100 Index is a capital-only index and it takes no account of dividend returns. As a result you will not receive any dividend payments or distributions.

• Past performance of the FTSE 100 Index should not be seen as an indication of future performance.

• The return received under this Plan at maturity is dependent on the Final Index Level which is the average of the closing levels of the Index on each Business Day from, and including, 31 July 2013 to, and including, 31 January 2014. The use of this averaging process to calculate the Final Index Level can reduce the negative effects of any falls in the market shortly before maturity but, equally, it can also reduce the benefits of any market rises shortly before maturity.

• You should think carefully about the benefits and risks of this Plan and whether it suits your personal circumstances and attitude to risk.  We also recommend that you take professional advice before investing.

• It is important to understand that this Plan does not include the security of capital offered under a deposit with a bank or building society.  You may lose all or part of the amount invested.

• Historic RPI levels should not be seen as an indication of future levels. It is possible that RPI growth rates can be negative as well as positive.

Please refer to the Brochure and the Terms & Conditions for full  details.