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Plan Summary:
A kick-out product that is linked to the FTSE®100
offering a 12% per annum return if the index is higher
on anniversary dates and, uniquely offers the investor a
strike-out payment (equal to the percentage fall in the
index) if the index is below the starting level at the
end of the six year term and if the index has not fallen
by more than 50% during the term of the product. Capital
is not protected if the FTSE®100 falls by more than 50%
but the kick-out provisions still apply if the market
subsequently rises above its starting level on an
anniversary date.
Kick-out return: 12%
per annum of net invested amount (non-compounded) if
FTSE®100 higher than starting level on anniversary date
Strike-out return: Net invested capital plus fall
in FTSE® 100 converted to positive return for investor
e.g. index 20% below starting level at maturity -
investor receives capital plus 20%
Acceptability: SIPP, Trustee/Corporate, Direct,
ISA, Stocks and Shares/Cash ISA Transfer
Term: Six years (or earlier if kick-out
provisions met)
Issuer: Major Investment Bank with AA- credit
rating
Minimum investment: £3,600 Maximum
investment: £1,000,000 |
