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Is this product
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It will not be suitable if:
● You will need access to your
money at any time during the term of the
Guaranteed Return Bond (Issue 4)
● You are looking for a short-term investment
● You want a building society account that could pay more interest
than the growth
of the Guaranteed Return Bond (Issue 4), depending on market
conditions
● You wish to invest directly in the stock market which offers no
guarantee that your original investment will be returned
● You want a regular income from your money
● You havent set aside any money for cash emergencies |
RISKS
In order to obtain the maximum 40% growth, the level of
the FTSE-100 Index must rise by at least 2.5% during
each of the 16 periods. Based on historical figures
there is a probability that the maximum 40% growth will
not occur. However, past performance is not an indicator
of future results.
You
cannot have access to your money (except in the case of
the cash ISA option) until the Guaranteed Return Bond
(Issue 4) reaches maturity.
The level of the FTSE-100
Index may fall as well as rise and past performance is
no guide to future performance. Accordingly, there is no
guarantee that you will receive more than the return of
your investment even in a rising market, plus the
minimum 14% growth over the four year term.
*Performance (up or down) is capped at 2.5% per quarter
Your money is not invested directly in shares. The
FTSE-100 Index is used only as a measure to determine
growth, so you do not benefit from any dividend income.
The potential return is
reduced when compared to direct stock market investment,
but direct stock market investment carries no guarantee
of your original investment, nor a guaranteed return. We
guarantee the return of your original investment (less
any withdrawals made cash ISA option only).
Although we guarantee to
repay the value of your investment (or remaining
capital, in the case of a cash ISA investment where
withdrawals have been taken), plus the minimum 14%
growth over the four year term on maturity of the
Guaranteed Return Bond (Issue 4), the real value of the
money you invest may depreciate in real terms as a
result of inflation.
You
should remember that past performance is not necessarily
a guide to the future, and the value of investments may
go down as well as up.
With regard to cash ISA
Guaranteed Return Bond (Issue 4), returns and interest
will be based on the balance remaining at Maturity.
The
Guaranteed Return Bond (Issue 4) may grow by less than a
building society account, depending on market
conditions.
Please refer to the Brochure and the Terms & Conditions for full details.
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