Investec FTSE 100 Geared Returns Plan 23

Overview:

70% gain at maturity if the FTSE 100, subject to averaging over the final six months, is higher than its initial level.

Product Type:

Capital at Risk

Investment Type:

Growth

Product Index Link:

FTSE 100 Index

Potential FSCS Protection:

Capital at Risk Barrier Type:

Full Term Intra-Day

Maximum Term:

5 years 1 week

Barrier Level:

50% of Initial Index Level.

Downside:

1:1

Capital At Risk Barrier: (Subject To Counterparty Solvency)

50% of Initial Index Level, observed at any point during the term.

Initial (Strike) Index Level >>

Important Dates:

Closing Date	ISA Transfers	Strike Date	Maturity Date
11/02/2011	28/01/2011	28/02/2011	07/03/2016

Closing Date
11/02/2011

ISA Transfers
28/01/2011

Strike Date
28/02/2011

Maturity Date
07/03/2016

Counterparty:

Investec Bank Plc

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.

S&P Rating*

Not rated by Standard & Poor's

BBB

Fitch Rating: BBB

Fitch Rating*

D RD C CC CCC - B + - BB + - BBB + - A + - AA + AAA

Baa3

Moodys Rating: Baa3

Moody's Rating*

C Ca Caa B Ba Baa A Aa Aaa

3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1

Description

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 falls to a level more than 50% below the Initial Index Level at any point during the Observation Period (1 March 2011 to 4 March 2016, inclusive) and fails to recover to at least the initial level by 4 March 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 at any point 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.

Contract Details

Initial Index Level:

The closing level of the Index on 28 February 2011.

Final Index Level:

The average of the daily closing levels of the Index recorded over the final six months of the investment term from and including 4 September 2015, up until and including 4 March 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.

	Cash ISA	Equity ISA	Direct	ISA Transfer	SIPP **
Availability
Minimum Contribution*	N/A	£1,500	£1,500	£1,500	£1,500

*Note that minimum contributions exclude any applicable adviser charges

**The investment may also be available through third party SIPP Providers

Tax Treatment if held outside Tax Shelter:

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.

Capital At Risk Barrier (Subject To Counterparty Solvency)

Barrier Level: 50% of Initial Index Level.

Downside: 1:1

Capital at Risk Barrier Type: Full Term Intra-Day

This plan aims to return the original capital in full at maturity, unless the Index falls to a level more than 50% below the Initial Index Level at any point during the Observation Period (1 March 2011 to 4 March 2016, inclusive) and fails to recover by 4 March 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.

Charges

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

Risks

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.

Information

Questions?