When you invest in the Semi-Annual Step Down Kick-out Plan Issue 5, you may receive capital growth of 3.15% for each six month period that has elapsed (equivalent to 6.3% per annum) depending on the performance of the FTSE 100 Index.
Potential early maturity (kick-out) on any anniversary date, from year two onwards, if the FTSE 100 Index is at or above its 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 the Index closes below 60% of its Initial Index Level on the Investment End Date.
ISA/ JISA transfer deadline
24 November 2017 (Stocks & Shares ISA transfer)
1 December 2017 (Cash ISA transfer)
Application deadline
15 December 2017
Investment start date
22 December 2017
Anniversary dates
23 December 2019, 22 June 2020, 22 December 2020,
22 June 2021, 22 December 2021, 22 June 2022,
22 December 2022, 22 June 2023 and 22 December 2023
Investment end date
23 December 2019
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