When you invest in the UK & Europe Semi-Annual Defensive Kick-out Plan 2, you may receive capital growth of 3.5% for each six month period that has elapsed (equivalent to 7.00% 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 by a further 5% in years four and five. The defensive feature reduces the the required Final Index Levels to 65% of their Initial Index Levels on the Investment End Date.
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
20 October 2017 (Stocks & Shares ISA transfer)
27 October 2017 (Cash ISA transfer)
Application deadline
3 November 2017
Investment start date
10 November 2017
Anniversary dates
11 November 2019, 11 May 2020, 10 November 2020,
10 May 2021, 10 November 2021, 10 May 2022,
10 November 2022, 10 May 2023 and 10 November 2023
Investment end date
10 May 2021
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