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2.50% Discount |
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| Download Brochure & Application Forms |
Plan Closes: 12 August 2010 |
| Order literature by post | Last ISA Transfers: 05 August 2010 |
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Plan Summary
• You will get your full capital back if the daily closing level of the FTSE™ 100 Index ("the Index") falls no more than 40% from its Initial Level at maturity. • On any annual anniversary of the Investment Date, should the daily closing level of the Index be at or above 125% of its Initial Level, the Plan will become fully capital protected. The Plan will then continue until maturity, but any subsequent falls in the level of the Index will not result in a loss of your capital. • If the daily closing level of the Index at the end of the term has fallen further than 40% from its level at the start of the Plan and the capital lock-in feature has not been triggered, you will lose some and up to all of your capital. • A coupon of 7% paid quarterly (1.75% per quarter) will be paid provided the Index is no more than 40% below its Initial Level on the quarterly observation 5 days prior to the coupon payment date. In the event that the Index is below this level, capital is not at risk, but income will not be paid for this quarter unless income lock-in has occurred. • On each annual observation, should the daily closing level of the Index be at or above 125% of its Initial Level, all future quarterly income payments will be locked-in for the remainder of the Plan. • A payment of 1.75% (gross) quarterly over the investment term is equivalent to a return of 42% (gross) at maturity. • No capital growth is payable. • The Plan should not be cashed in before 16 September 2016. If you cash in your investment in the Plan before maturity the sum you will get might not reflect the performance of the FTSE™ 100 Index to the date you cash in and could be less than the amount you invested in the Plan. • Illustrations showing the returns that would apply in certain examples are shown on page 7 of the brochure. |
