• If the level of the Index on any one of the Annual Measurement Dates is equal to or greater than the Opening Level, the Plan will make a growth payment of 9% (not compounded) of your investment for each year that the Plan has been in force.

• In this event, the Plan will mature paying a full return of capital plus the growth payment.

• If the Index is below its Opening Level on any annual measurement date, the plan will continue to the next annual measurement date. Should the Final Level of the Index be below its Opening Level, no investment return will be payable.

• You will lose some, or all, of your money if the Index has fallen by more than 50% at any close of business during the investment term and the Final Level is below the Opening Level.

• In this case the fall in the value of your investment will equal the fall in the level of the Index between the Opening Level and its Final Level.

• In the event of the issuing bank failing to meet its liabilities you will lose some, or all, of your money. In this circumstance you will also lose any growth payment to which you may have otherwise been entitled to.

• The returns on Investments made by individuals will be subject to Capital Gains Tax (see page 11 of the plan brochure).