When you invest in the UK & Europe Semi-Annual Step Down Plan 1, you may receive capital growth of 4% for each six month period that has elapsed (equivalent to 8% per annum) depending on the performance of the FTSE 100 Index and the EURO STOXX 50 Index.
Potential early maturity (kick-out) on any anniversary date, from year two onwards, if both indices are at or above their required kick-out level.
The Plan includes a defensive feature, whereby the required kick-out level reduces by 5% of the Initial Index Level on the third anniversary, and on each year thereafter.
Capital is at risk if either of the Indices close below 60% of its Initial Index Level on the Investment End Date.
ISA/ JISA transfer deadline
25 August 2017 (Stocks & Shares ISA transfer)
1 September 2017 (Cash ISA transfer)
Application deadline
8 September 2017
Investment start date
15 September 2017
Anniversary dates
16 September 2019, 16 March 2020, 15 September 2020,
15 March 2021, 15 September 2021, 15 March 2022,
15 September 2022, 15 March 2023 and 15 September 2023
Investment end date
16 September 2019
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