When you invest in the Semi-Annual Step Down Kick-out Plan Issue 7, you may receive an accumulated amount 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
2 March 2018 (Stocks & Shares ISA transfer)
9 March 2018 (Cash ISA transfer)
Application deadline
29 March 2018
Investment start date
6 April 2018
Anniversary dates
6 April 2020, 6 October 2020, 6 April 2021,
6 October 2021, 6 April 2022, 6 October 2022,
6 April 2023, 6 October 2023 and 8 April 2024
Investment end date
6 October 2021
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