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Key Dates | |
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Plan Closes: 03 August 2009 |
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Last Transfers: 20 July 2009 |
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Plan Summary
Managing your investment timing risk - the Optimised Growth Plan The Optimised Growth Plan was born from a recognition that many investors are concerned about the timing of their investment - is now the right time to invest, or should I wait a few months to see if a better entry point can be achieved? In doing so, one risks missing the best entry level for investment if markets rally. Choosing an optimal entry point - the optimised entry point The Optimised Growth Plan uses a “lookback” feature, or optimized entry point, to reduce the impact of timing risk and make the investment decision easier. The Initial Index Level is measured as the lowest daily closing level of the Index during the first three months of the Investment Term. It is this optimised level that forms the basis when calculating growth at maturity, if any. Three times the growth in the FTSE™ Index The Optimised Growth Plan is a simple way to get potentially attractive returns from modest growth in the Index, by putting your Capital at risk. At the Maturity Date, the Plan will return three times the growth in the Index (3% for each 1% growth) if any, up to a maximum return of 50% if the index grows by 16.667% or more. A table illustrating some possible returns is shown on page 8 of the plan brochure, in the section titled “Returns.” Returns treated as capital gains The Optimised Growth Plan will invest in preference shares listed on the Channel Islands Stock Exchange. The returns are therefore treated as capital gains, and subject to Capital Gains Tax, under current tax legislation. See the section titled “Tax” on page 10 for further details. Capital at Risk Your Capital is at risk when investing in the Optimised Growth Plan. Your capital will be returned in full at the Maturity Date, provided the FTSE™ 100 Final Index Level is not less than or equal to 50% of the Initial Index Level. If the Final Index Level is less than or equal to 50% of the Initial Index Level, your Capital will be reduced by the percentage amount that the Final Index Level is lower than the Initial Index Level. See the section titled “Risks” on page 6 of the plan brochure for further details of this and other risk factors you should consider. |
