Important information to consider

• If the FTSE 100 falls below 50% of the Initial Index Level at any point between the Barrier Start Date and the Barrier End Date:

a. Non-ISA investments – 60% of your initial Plan investment is at risk on a one-for-one basis if the Final Index Level is less than 60% of the Initial Index Level,

b. ISA investments – 100% of your initial Plan investment is at risk on a one-for-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 the initial level, an amount equal to your initial Plan investment will be returned at maturity.

• If you redeem your investment before the end of the term 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 Investments 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 and availability of any tax reliefs depends on individual circumstances. Any favourable tax treatment of ISAs, SIPPs and SSASs may not be maintained in the future and is subject to changes in legislation.

• This investment is in a UK onshore asset that is subject to UK tax rules. Non-UK tax resident investors should consider the tax implications of investing in a UK onshore asset. Assets bought onshore will be subject to UK tax legislation and independent tax advice should be sought prior to making any investment in the Plan.

• Upon transferring existing investments into this Plan there is potential for a loss of income or growth to your investment and penalties or charges may be applied on transfer by the existing plan manager.

• When Investec Bank plc receives your investment, it will be deposited into a Client Money account at HSBC Bank plc (‘HSBC’) until the Investment Date. In the event of Investec Bank plc’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. Details of the Scheme can be found online at www.fscs.org.uk/consumer.

• In the case of ISA investments and 60% of your Non-ISA investment at the Investment Date your money will be pooled and transferred to an account at Investec Bank plc 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 plc, and Investec Finance plc’s obligations under these securities are guaranteed by Investec Bank plc. There is a risk that Investec Bank plc may fail to meet its obligations. In the event of Investec Bank plc’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 plc’s capacity to meet its financial commitments is considered stable by a leading credit rating agency, Fitch Ratings.

• In the case of Non-ISA investments only (direct investments and SIPP/SSAS pension arrangements), at the Investment Date, 40% of your initial investment will continue to be held as a deposit in an account at Investec Bank plc until it is required to be returned to you as a quarterly return payment in accordance with the Terms and Conditions of the Plan. There is a risk that Investec Bank plc may fail to meet its obligations. In the event of Investec Bank plc’s insolvency your money will not be guaranteed and you must rely on your right of recourse to the Financial Services Compensation Scheme. Details of the Scheme can be found online at www.fscs.org.uk/consumer.

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

• 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.