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All investment involves risk and you could lose some or all of the money you invest.

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

Investec FTSE 100 Geared Returns Plan 22

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:

No

Capital at Risk Barrier Type:

Full Term Daily Close

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 close of business on any day during the term.

Initial (Strike) Index Level >>

Important Dates:

Closing Date ISA Transfers Strike Date Maturity Date
31/12/2010 17/12/2010 17/01/2011 25/01/2016
Closing Date
31/12/2010
ISA Transfers
17/12/2010
Strike Date
17/01/2011
Maturity Date
25/01/2016

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
BBB

Fitch Rating*

Baa3

Moody's Rating*

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 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.

Contract Details

Initial Index Level:

The closing level of the Index on 17 January 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 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.

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 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.

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

Fees

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.

Fee Calculator:

Please enter the value of your investment below to calculate the fee payable.

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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.

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