Plan Details
|
Investment period |
Five years |
|
Early investment discount
|
Equivalent to 4.5% interest gross per annum on
your investment from the date
you invest until 20 June 2008 |
|
Initial Reference Date |
27 June 2008 |
|
Maturity date |
27 June 2013 |
|
Commodity Basket |
Gold (2.5%), Silver (2%), Platinum (3%),
Aluminium (6%), Copper (6%),
Lead (4%), Tin (4%), West Texas Intermediate
Crude Oil (25%), Gas Oil (5%), Heating Oil (5%),
Coal (17.5%), S&P Goldman Sachs Index (GSCI®)
Livestock Index Excess Return (5%), Corn (5%),
Wheat (5%), Soybeans (5%)
|
|
Commodity Basket Performance
|
The difference between the value of the
Commodity Basket on the Initial
Reference Date and the Market Prices (see
p.10 of the brochure for details) of the
Commodities (adjusted for their respective
weightings in the Commodity Basket) at the time
in question.
|
|
Final Basket Performance
|
The average of the Commodity Basket performance
recorded on the 27th day of
each month (or if that day is not a Business
Day, the next business day) over the final 12
months of the investment, starting on 27 June
2012 until 27 June 2013 inclusive. |
|
Investment Objective |
To
receive your capital back at the end of the
investment term plus an amount
(rounded down to two decimal places) that is
equal to 115% of the Final Basket Performance. |
|
Availability |
Direct investments (also for joint applications), Stocks
and Shares ISAs. Corporates, trusts and charities
(assuming they are set up as a company or a trust)
|
|
Investment limit |
Minimum investment of £3,600, maximum of £500,000 Investments in excess of £500,000 may be
accepted at the discretion of Woolwich Plan Managers
|
|
Early withdrawal |
Withdrawals can be made on a fortnightly basis but the
amount received will be determined by the actual price of the
investments realised. Clients may receive less than they originally invested
|
|
Counterparty risk |
The issuer of the assets supporting the Plan is Barclays
Bank PLC which is currently rated ‘AA’ by Standard and
Poor's
|
|
Tax |
The gain on assets held in an ISA will be free of tax.
In the case of direct investments, any gain or loss would be
considered a gain/loss under CGT rules. The investor will be able to use their
CGT exemption to reduce any CGT tax that may be payable
|
|
Charges |
No explicit additional initial or annual charges.
Charges have been included within the terms of the investment and
are not expected to exceed 7% of your initial investment.
|
|
