FTSE Income Plan 3

2.5% Discount

 

 

Key Dates

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Plan Closes: 11 October 2010

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Last ISA Transfers: 04 October 2010

   
 
Plan Summary

Fixed annual income: At the end of each year during the six year term, you will receive a fixed income of 6.75% a year, regardless of any movement in the FTSE 100 Index.

Some protection from a falling market at maturity: As long as the FTSE 100 Index level remains above 50% of its level on the start date of the plan, you will receive the return of your initial investment at maturity. However, if it falls to or below 50% of its initial level at any point during the six-year term, your capital is at risk: In this case, if the FTSE 100 Index level at maturity is below its level on the start date of the plan, the repayment of your investment will be reduced by the amount the FTSE 100 Index has fallen. This plan is not capital protected and you should be prepared to lose some or all of your initial investment.

Your capital is used to purchase securities issued by Morgan Stanley: These securities are a type of ‘corporate bond’, which is essentially a loan to Morgan Stanley that they are obliged to repay to you at maturity. In the event of Morgan Stanley going into liquidation, you may lose all or part of your initial investment together with any fixed income payments yet to be paid. Morgan Stanley has a credit rating of A from Standard & Poor’s at the time of publication.

Best discount on ISAs, Unit Trusts and OEICs