The information given in this product review has been taken from the product terms and conditions, brochure, and other literature available from the product provider. No guarantee can be made to the accuracy of the information. You should therefore satisfy yourself as to the full terms and risks of any investment by reference to the relevant materials provided by the product provider. Please request these documents using the buttons on the left of the page.
Please Note: This product closed for investment on 31/12/2010
50% of Initial Index Level.
50% of Initial Index Level, observed at close of business on any day during the term.
Please Note: The investment returns and the return of capital are dependent upon the counterparty meeting their obligations on time and in full. If the counterparty fails to meet their obligations you could lose some or all of your capital.
The credit ratings provided below can be a useful way to compare the credit risk associated with different Counterparties or Deposit Takers. Credit ratings are assigned by independent companies known as ratings agencies.
This five-year and one-week plan offers investors the potential for a 70% gain at maturity, provided that the FTSE 100 Index, subject to averaging over the final six months, is higher than the Initial Index Level.
If the Final Index Level is equal to or below the Initial Index Level, no gain will be achieved; however, the original capital should still be returned in full, unless the Index closes at a level more than 50% below the Initial Index Level on any day during the Observation Period (18 January 2011 to 22 January 2016, inclusive) and fails to recover to at least the initial level by 22 January 2016. In this event, investors' original capital will be reduced by 1% for every 1% the Final Index Level is below the Initial Index Level. For example, if the 50% barrier is breached on any day during the Observation Period, and the Final Index Level is 20% below the Initial Index Level, investors will suffer a 20% reduction to their original capital.
The closing level of the Index on 17 January 2011.
The average of the daily closing levels of the Index recorded over the final six months of the investment term from and including 22 July 2015, up until and including 22 January 2016.
Please note that whilst the averaging used to determine the Final Index Level may offer a degree of protection against the index falling dramatically towards, or immediately prior to maturity, conversely, this averaging could constrain the benefits of the market rising gradually towards, or sharply immediately prior to maturity.
*Note that minimum contributions exclude any applicable adviser charges
**The investment may also be available through third party SIPP Providers
It is our understanding that any gain achieved by this investment at redemption will be subject to Capital Gains Tax rules applicable at that time.
Please note, tax rules and legislation are subject to change at any time.
Barrier Level: 50% of Initial Index Level.
Capital at Risk Barrier Type: Full Term Daily Close
This plan aims to return the original capital in full at maturity, unless the Index closes at a level more than 50% below the Initial Index Level on any day during the Observation Period (18 January 2011 to 22 January 2016, inclusive) and fails to recover by 22 January 2016. If such a fall in the Index does occur, the original capital will be reduced by the percentage the Final Index Level is below the Initial Index Level.
Unless stated otherwise charges do not affect the amount being invested as they have been taken into account in the terms of the investment. So, for every £100 invested, the return, provided the investment is held until maturity, should be £100, plus or minus the gain or loss in accordance with the defined terms. Separate fees may be payable to your adviser, platform or stockbroker for arranging this investment.
The initial charge incorporated in the terms of the investment: Approximately 5% of the original investment.
If surrendered early, the value will be dependent on a number of factors and may be less than the original amount invested. In the event of early surrender the provider may levy an administration fee which will be deducted from the surrender proceeds as follows:
Early Surrender: No charge
Early ISA Transfer: No charge
Where no advice has been sought or given, our fee for acting as intermediary for this investment is 1.65% of the amount invested, capped at £2,000. For example, on an investment of £25,000 our fee would be £412.50 and for an investment of £125,000 it would be £2,000.
The commission built into the terms of this product will be added to the amount that you invest.
Please enter the value of your investment below to calculate the fee payable.
All investment involves risk and you could lose some or all of the money you invest.
It is imperative that you read the plan brochure and terms and conditions and understand all of the risks involved prior to proceeding. If you do not fully understand the risks, the commitment or you are unsure as to the suitability of the investment for you, you should not proceed but instead contact us via E-mail or Callback Request for advice.