 |
Key Features |
-
Investment returns linked to the performance of the FTSE 100™ and DJ EuroStoxx50™
-
No Index growth required to achieve quoted returns
-
Early maturity will be triggered as long as the levels of both Indices are at or above their opening levels at any anniversary date
-
100% capital return regardless of index performance
-
Offer period: 15th April to 11th June 2008, except for ISA and PEP transfers, where applications must be received by 4th March 2008
| Investment Term: | 10 years and 14 days, with the potential for early maturity. Maturity will be triggered if the levels of both Indices are at or above their Opening Levels on an anniversary date of the Plan. |
|---|---|
| Availability: | As direct investments, stocks and shares ISAs, ISA transfers (including former PEPs), and for pension funds, trustees and companies. |
| Indices | FTSE 100™ & DJ EuroStoxx50™ |
| Investment Return |
8%
per annum (simple) for each year the Plan is in
force, so the returns at each possible maturity
date would be
8%
(end of year 1),
16%
(end of year 2),
24%
(end of year 3);
32%
(end of year 4);
40%
(end of year 5);
48%
(end of year 6);
56%
(end of year 7);
64%
(end of year 8);
72%
(end of year 9);or, if the plan runs the full 10
year term, and the Index Levels are at or above
their Opening Level,
80%. If the Index Levels are below their Opening Level no investment return will be payable |
| Capital Return | Capital will be returned in full |
| Counterparty Risk | The issuer of the assets will have a current rating from Standard and Poors, or a similar rating agency, of at least A+. While we consider it unlikely that such an institution would be unable to meet its obligations, if it were unable to do so, investors could lose some, or all, of their investment. Counterparty risk is common to all similar investments |
| Tax | Under current tax legislation gains on assets held in an ISA will be free from any tax, while gains on direct investments will be subject to Capital Gains Tax. |
| Interest | Interest will be credited at 3.5% on subscriptions received and held in our client account up to the investment date. |
| Charges |
There are
no initial or ongoing charges. Charges are
included in the pricing of the investment. Early encashments and transfers during the investment term will be subject to an administration charge. |
| Securities | Securities will be structured to provide the returns shown in the plan brochure, and purchased for each investor. These may be notes, warrants, shares or deposits depending on the nature of the investment. |
