THIS ISSUE OF THE PLAN IS NOW CLOSED

 

 
 Dual Kick Out Plan - June '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: 04 August 2010
Download Direct Investment Application

Last ISA Transfers: 26 July 2010
Download 2010/11 ISA Application Order literature by post
Download ISA Transfer Application  
Download SIPP/SSAS Application  
Download Company Application  
   
Plan Details

 This product aims to pay a pre-defined Growth Payment and return Investment Capital at the end of the Investment Term or earlier if a Kick Out Event occurs.

This plan 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 S&P 500® is greater than or equal to the relevant Reference Level on any Annual Observation Date. If this happens then the plan 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 and S&P 500® required on the anniversary of the Start Date for the Kick Out Event to happen:

• The Reference Level for Option 1 is the Start Value of both Underlyings
• The Reference Level for Option 2 is 95% of the Start Value of both Underlyings
• The Reference Level for Option 3 is 90% of the Start Value of both Underlyings

A 50% Soft Capital Protection barrier with American Barrier (daily observations of Closing Values) protects the Investment Capital so long as the Underlying remains above 50% of its Start Value

 
Investment term 5 Years, 2 Weeks
Minimum Investment £3,000.

Underlyings
 		 FTSE® 100 Index (the FTSE® 100) and S&P 500® Index (the S&P 500®)
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 and S&P 500® required to achieve a Kick Out Event.

* For Option 1, both the FTSE® 100 and S&P 500® 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 the FTSE® 100 and S&P 500® 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 the FTSE® 100 and S&P 500® 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 FTSE® 100 and S&P 500® (please refer to “Potential return of Investment Capital” on page 13 for details)
Capital Protection Barrier Type American (Daily closing prices)
Capital Loss Calculation Once the barrier is breached by either or both the FTSE® 100 and S&P 500® during the Observation Period, Investment Capital is at risk and will reduce 1% for every 1% decrease in the End Value of the worst performing of the FTSE® 100 and S&P 500® from its Start Value.
Taxation Capital Gains Tax (CGT) where applicable (please refer to “Information about Tax” on page 21 of the Investment Guide for details)
Securities Redeemable Certificates & Exchangeable Certificates
Listing London Stock Exchange
Currency GBP
Counterparty Risk Barclays Bank PLC
Credit Rating (as at 28 April 2010) Rating                       Outlook

Fitch AA-                    Stable
Moody’s Aa3              Stable
S&P AA-                     Negative
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