Annual Kick Out Plan - October '10 Edition

2.5% Discount

Application forms must be posted to Moneyworld or you will not get the discount.

 

 

Key Dates

Download Investment Guide & Terms

Plan Closes: 06 October 2010

Download Direct Investment Application

Last Transfers: 18 September 2010

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Download SIPP/SSAS Application  
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Plan Details

This product has three Investment Options each linked to the performance of the FTSE® 100 Index and the S&P 500® Index. Each option has a different Reference Level required to achieve a Kick Out Event.

A Kick Out Event occurs if the value of both the FTSE® 100 and the S&P 500® Indices are equal to or greater than the relevant Reference Level on any Annual Observation Date. If this happens then the product closes, the Growth Payment is paid and the Investment Capital is returned in full subject to Counterparty/Credit Risk.

The Reference Level is the minimum Closing Value of both the FTSE® 100 Index and the S&P 500® Index required on each anniversary of the Start Date for the Kick Out Event to happen:

• The Reference Level for Option 1 is the Start Value of both the FTSE® 100 Index and the S&P 500® Index.

• The Reference Level for Option 2 is 95% of the Start Value of both the FTSE® 100 Index and the S&P 500® Index

• The Reference Level for Option 3 is 90% of the Start Value of both the FTSE® 100 Index and the S&P 500® Index

A 50% Soft Capital Protection barrier with American options (daily observations of Closing Values) protects the Investment Capital so long as the FTSE® 100 Index and the S&P 500® Index remain above 50% of its Start Value.


 
Investment term 5 Years, 14 Days
Minimum Investment £3,000.

Underlyings
 
FTSE® 100 Index and S&P 500 Index
Reference Level Option 1 – 100% of Start Value
Option 2 – 95% of Start Value
Option 3 – 90% of Start Value

The Reference Level defines the value of the FTSE 100 & S&P 500 (the underlyings) required to achieve a Kick-out Event.

* For Option 1, both Underlyings must be equal to or greater than their respective Start Values on an Annual Observation Date for a Kick-out to occur.

* For Option 2, both Underlyings must be equal to or greater than 95% of their respective Start Values on an Annual Observation Date for a Kick-out to occur.

* For Option 3, both Underlyings must be equal to or greater than 90% of their respective Start Values on an Annual Observation Date for a Kick-out to occur.
Capital Protection (Subject to Counterparty/Credit Risk 50% Soft Capital Protection American Barrier, daily observations of Closing Values. Provides protection for reductions of up to 50% in the Start Value of the Underlyings.
Capital Protection Barrier Type American (Daily closing prices)
Capital Loss Calculation Once the barrier is breached by either or both Underlyings during the Observation Period, Investment Capital is at risk and will reduce 1% for every 1% the End Value of the worse performing Underlying closes below its Start Value.
Taxation Capital Gains Tax (CGT) where applicable (please refer to “Information about Tax” on page 22 of the Investment Guide for details)
Securities Redeemable Certificates & Exchangeable Certificates
Listing London Stock Exchange
Currency GBP
Counterparty Risk The Royal Bank of Scotland
Credit Rating (as at 28 April 2010) Rating                       Outlook

Fitch AA-                    Stable
Moody’s Aa3              Stable
S&P A+                      Stable
Availability Direct investment, New Stocks & Shares ISA – Subject to HMRC limits, Cash / Stocks & Shares ISA transfer, SIPP / SSAS Pension plans, Trustees

Best discount on ISAs, Unit Trusts and OEICs