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At a glance
Returns
linked to the performance of the FTSE 100 Index
A
full return of original capital at maturity, plus
enhanced benefits of:
|
If FTSE 100 Index rises
A profit of 1.5 x the rise in the Index
Except if the Index rises by more than 160% at any time after
the Plan has started |
OR |
If FTSE 100 Index falls
A profit of 1.5 x the fall in the Index
Except if the Index falls by more than
30% at any time after the Plan has
started |
How the Plan works
when the FTSE 100 Index rises
Capital
Protection
At maturity in
January 2015, the Plan is designed to pay you a full
return of the money you invest, regardless of how the
FTSE 100 Index (“the Index”) performs over the 6 year
investment term.
Enhanced
Returns if the FTSE 100 rises
A growth payment will be paid
in addition to the capital return if both of the
following apply:
|
the Final Level of the FTSE 100
Index at the end of the investment
term is higher than its Initial Level
at the start of the Plan; |
AND |
the level
of the FTSE 100 Index, at
any time during the investment
term, has never risen by more than
160% from its level at the start of the
Plan
|
The payment will equal 1.5% for each 1%
the Final Level has risen from the Initial Level.
For example, if the Final Level is 40% above the Initial
Level and the Index had not increased by more than 160%
at any stage the growth payment would be 60% (1.5% x 40)
How the Plan works
when the FTSE 100 Index falls
Capital
Protection
At maturity in
January 2015, the Plan is designed to pay you a full
return of the money you invest, regardless of how the
FTSE 100 Index (“the Index”) performs over the 6 year
investment term.
Enhanced
Returns if the FTSE 100 falls
A growth payment will be paid
in addition to the capital return if both of the
following apply:
|
the Final Level of the FTSE 100
Index at the end of the investment
term is lower than its Initial Level
at the start of the Plan; |
AND |
the level
of the FTSE 100 Index, at
any time during the investment
term, has never fallen by more than
30% from its level at the start of the
Plan
|
The payment will equal 1.5% for each 1%
the Index has fallen from the Initial Level to the Final
Level.
For example, if the Final Level is 20% below the Initial
Level and the Index has not fallen by more than 30% at
any stage the growth payment would be 30.0% (1.5% x 20)
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Dates |
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Offer closes 12 December 2008
(unless fully subscribed prior) |
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PEP & ISA Transfers close – 05
December
2008 |
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Matures
14 January 2015 |
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Early redemption is not advised as you
might get back less than you invested. |
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