Kick-Out Plan: Emerging Markets Issue 3

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 for advice.

Description

This maximum five-year and two-week plan features the potential to mature on any of the plan's anniversaries, provided that the Hang Seng China Enterprises Index [HSCEI], iShares MSCI Brazil Index Fund and MSCI Singapore Free Index (the underlyings) close at, or above their corresponding Initial Index Levels, returning the original capital in full, in addition to a gain of 12% for each year the plan has been in force. If the plan does not mature early, and the Final Index Level of any underlying is below its corresponding Initial Index Level, no gain will be achieved; however, investors' original capital should still be returned in full, unless the Final Index Level of any underlying is more then 50% below its corresponding Initial Index Level. In this event, investors' original capital will be reduced by 1% for every 1% the Final Index Level of the worst performing underlying is below its corresponding Initial Index Level. For example, if one of the underlyings finishes 10% above its corresponding initial level, one 35% below its corresponding initial level and the third finishes 55% below its corresponding initial level, investors will lose 55% of their original capital investment.

	Cash ISA	Equity ISA	Direct	ISA Transfer	SIPP **
Availability	No	Yes	Yes	Yes	Yes
Minimum Contribution*	N/A	£5,000	£5,000	£5,000	£5,000

*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%

Downside: 1:1

Capital at Risk Barrier Type: End of Term only

If the plan does not produce a gain, it still aims to return investors' original capital in full at maturity, unless the Final Index Level of any underlying is more then 50% below its corresponding Initial Index Level. In this event, investors' original capital will be reduced in line with the fall in the worst performing underlying.

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: A maximum of 7% of the total investments of the plan.

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: £225+VAT; however, this may increase but by no more than the Retail Prices Index.

Early ISA Transfer: £225+VAT; however, this may increase but by no more than the Retail Prices Index.

Other Charges: Administration fee of up to 1% plus VAT of the maturity value of an investor's plan on any monies held on their behalf which are not re-invested within six months of the maturity of the plan.

Fees

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.