• The Plan provides an annual or quarterly income payable in arrears plus capital repayment at maturity that is dependent on the performance of the FTSE™100 Index and the Dow Jones EURO STOXX®50 Index. The ability to provide this income is achieved by exposing your capital to risk. On maturity you may not receive back the original capital invested.

If the closing level of either Index is less than 50% of the corresponding Starting Index Level on any business day during the term of the investment, it is likely to lead to the erosion of your investment capital. Please see the section ‘Your capital repayment’ in the Extra Income Plan Brochure for full details.

• Any capital growth generated by the Plan does not include any allowance for dividends paid by the companies which comprise the FTSE™100 Index or the Dow Jones EURO STOXX®50  Index.

• By linking capital repayment to the worst performing of the two indices the possibility of a loss of capital is increased.
 
• The Plan Manager will arrange for the purchase of Plan securities from financial institutions rated ‘AA’ or better (as measured by Standard & Poor’s or equivalent) at the time of purchase. In the event of such securities being unavailable, the Plan Manager may substitute the securities with alternatives with similar characteristics.

• There is a risk that the Issuer may fail to meet its obligations. In addition, the terms of the investment may permit the issuer of those investments to withhold, defer, reduce or even terminate payments in certain events, as a result of which investors may receive less than they would otherwise or may have to wait for the proceeds.
 
• Your circumstances could change, forcing you to sell your Plan investments early. If this happens, you may get back less than the amount you originally invested. The value of the Plan will be determined by the price at which the Investments can actually be sold on the relevant Dealing Date.

• You cannot claim full reimbursement if the price at which your securities were purchased has  fallen, when we sell them, following you exercising your right to cancel.

• If you have invested via an ISA and subsequently decide to cancel, it may not be possible to invest in another ISA for the relevant tax year in which you invested.

• Tax assumptions are based on our understanding of current legislation and practice at the time of print. The levels and basis of taxation and reliefs from taxation can change at any time and any change could be applied retrospectively. The value of any tax reliefs depends on individual circumstances.  For tax advice, potential investors should consult their professional advisers.

• Past performance IS NOT necessarily a guide to future performance and should not be used to assess the risks associated with this investment.

• The Extra Income Plan is not the same as a bank or building society account where capital is guaranteed and, with instant access accounts, is readily available without penalty.

• The effect of inflation will reduce the real value of what you receive at the end of the term.

Please refer to the Brochure and the Terms & Conditions for full details.