To gain a full understanding of this Plan it is important that you read the brochure carefully, including the Terms and Conditions. If you are unsure about anything, please seek financial advice to ensure the Plan suits your requirements and overall investment planning. Remember, the information in this brochure does not constitute tax, legal or investment advice and Moneyworld has given you no advice.  Please read our terms of business before proceeding.

Summary
 

• The Merchant Capital Growth Plan: FTSE Bull & Bear Issue 2 runs for 5 years and 3 weeks.  • Any growth is dependent on the performance of the FTSE™ 100 Index ("the Index"). • If on 2 March 2017 the level of the Index is above its starting level (Initial Level), a growth payment of 1% for any 1% increase in the Index (uncapped) will be paid to you upon the maturity of the Plan. • If on 2 March 2017 the level of the Index is below its starting level, you will also receive a growth payment of 1% for any 1% fall in the Index from its Initial Level down to 50% of its Initial Level. • You will receive your capital back in full, providing the Index on 2 March 2017 is at or above 50% of its Initial Level. • However, if the level of the Index on 2 March 2017 has fallen by more than 50% from its Initial Level, your capital will not be repaid in full. In such a case, the capital return will be reduced at the rate of 1% for each 1% the Index has fallen (see page 6 of the brochure for an example). • No income is payable. • Any capital protection and growth offered by this Plan also depends on Barclays Bank plc remaining solvent. If it becomes insolvent, i.e. goes bankrupt, they may be unable to repay your investment. This is known as Counterparty Risk. If this occurs, you may lose some or all of your money and you will not be entitled to compensation under the UK Financial Services Compensation Scheme. You are however covered by the UK Financial Services Compensation Scheme if Merchant Capital becomes insolvent (see the Risk Factors on page 9 of the brochure). • The Plan is designed to be held until the Maturity Date. If you cash in your investment in the Plan before the Maturity Date the sum you will receive could be substantially less than the amount you invested in the Plan.

Considerations for Investing

If the following statements apply then an investment in the plan may be appropriate:

• You understand that the Plan’s returns are linked to the performance of the Index which may fall as well as rise.

• You understand that any capital growth and the return of your capital at maturity of the Plan on 23 March 2017 depends on the continuing solvency of the Issuer.

• You are comfortable with the fact that your capital may not be returned in full at the end of the term.

• You want your investment to provide capital growth rather than income.

• You understand that your investment in the Plan will NOT provide you with income.

• You can afford to leave your money invested in the Plan for the next 5 years 3 weeks.

• You understand that you may not be able to cash in your investment in the Plan, but if you can and do cash it in before the maturity date the sum you will get might not reflect the performance of the Index to the date on which you cash in and you could receive less than the amount you invested in the Plan.

• You have £5,000 or more to invest.

If the following statements apply then an investment in this plan may not be appropriate:

• You do not want an investment whose return is linked to the performance of the Index which may fall as well as rise.

• You do not feel comfortable with the fact that any capital growth and the return of your capital at maturity of the Plan depends on the continuing solvency of the Issuer.

• You cannot afford to risk your capital.

• You require income from your investments.

• You do not have other savings or investments that are easily accessible to cover emergencies.

• You want to add to this investment from time to time or at regular intervals.

• You do not feel comfortable that your investment will ultimately depend on the security of the Issuer of the underlying investments.

• You do not have at least £5,000 to invest.

• You are unsure how the Plan works.