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Applications must be posted to Moneyworld in order to receive the advertised discount |
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| Key Dates | ||
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Plan Closes: 12 February 2010 |
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| Download Jubilee Terms & Conditions |
Last Transfers: 26 January 2010 |
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Plan Summary
The Regular Income Plan is an investment designed to offer an attractive quarterly income equivalent to 6.50% per year, in return for putting your Capital at risk from the development of the FTSE™ 100 Index. The Plan pays an income after each quarter of the Investment Term, starting on or around the 9th of June 2010, and then the 9th of September, December, March and June each year thereafter until March 2015, when the Plan ends. Capital is at risk, subject to Index Level and financial strength of the Issuer Capital may be reduced at Maturity if the Index Level closes at or below 50% of the Initial Index Level on any trading day during the Investment Term and is still below Initial Index Level on the Investment End Date. Return of your Capital is also dependent on the financial strength of the Issuer - if the Issuer becomes bankrupt before the Maturity Date, you will lose most or all of your Capital, and may not be able to claim under the Financial Services Compensation Scheme. Returns treated as income The returns are treated as income, and subject to Income Tax at your highest marginal tax rate, under current tax legislation. See the section titled “Tax” on page 11 of the plan brochure for further details. Your money is invested in securities of the Issuer, not directly in the Index The Regular Income Plan will invest in notes of the Issuer, which are listed on the Luxembourg Stock Exchange, and are a form of loan from you as an investor to a single financial institution, Merrill Lynch S.A. The Plan does not invest directly in the shares that make up the Index. This means you will not receive dividends from the shares in the Index, and the return of your capital depends on the Issuer as well as on the performance of the Index. Your investment is not covered by any guarantee scheme Compensation arrangements under the Financial Services Compensation Scheme are limited to paying claims (for a limited amount only) to cover losses you may incur if you are missold the Plan by your financial adviser or the Plan Manager, or in case of a loss due to the bankruptcy, fraud or administrative error of the Plan Manager. See page 13 of the brochure for details. |
