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 for advice.
The closing level of the Index on 28 February 2011.
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 | No | Yes | Yes | Yes | Yes |
| 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
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%
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.
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
Given that there is no commission built into the terms of this plan there will be no cash-back available. Where no advice has been sought or given we charge a fee for acting as intermediary for all investments, which is 1.65% of the amount invested. Please note that minimum investment limits exclude any applicable fees.
The commission built into the terms of this product will be added to the amount that you invest.