RISKS

• In order to obtain the maximum 48% growth, the level of the FTSE-100 Index must rise by at least 3% during each of the 16 periods. Based on historical figures there is a probability that the maximum 48% growth will not occur.

• You cannot have access to your money (except in the case of the cash ISA option) until the Guaranteed Return Bond (Issue 6) reaches maturity.

• The level of the FTSE-100 Index may fall as well as rise and past performance is no guide to future performance. Accordingly, there is no guarantee that you will receive more than the return of your investment even in a rising market, plus the minimum 10% growth over the four year term.

*Performance (up or down) is capped at 3% per quarter

•Your money is not invested directly in shares. The FTSE-100 Index is used only as a measure to determine growth, so you do not benefit from any dividend income.

• The potential return is reduced when compared to direct stock market investment, but direct stock market investment carries no guarantee of your original investment, nor a guaranteed return. We guarantee the return of your original investment (less any withdrawals made – cash ISA option only).

• Although we guarantee to repay the value of your investment (or remaining capital, in the case of a cash ISA investment where withdrawals have been taken), plus the minimum 10% growth over the four year term, on maturity of the Guaranteed Return Bond (Issue 6), the real value of the money you invest may depreciate in real terms as a result of inflation.

• You should remember that past performance is not necessarily a guide to the future, and the value of investments may go down as well as up.

•With regard to cash ISA Guaranteed Return Bond (Issue 6), returns and interest will be based on the balance remaining at Maturity.

•The Guaranteed Return Bond (Issue 6) may grow by less than a building society account, depending on market conditions.

Please refer to the Brochure and the Terms & Conditions for full details.