When you invest in the UK & US Semi-Annual Step Down Kick-out Plan 5, you may receive an accumulated return of 3.75% for each six month period that has elapsed since the Investment Start Date (equivalent to 7.5% per annum) depending on the performance of the FTSE 100 Index and the S&P 500 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% 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
6 April 2018 (Stocks & Shares ISA transfer)
13 April 2018 (Cash ISA transfer)
Application deadline
27 April 2018
Investment start date
4 May 2018
Anniversary dates
5 May 2020, 4 November 2020, 4 May 2021,
4 November 2021, 4 May 2022, 4 November 2022,
4 May 2023 and 6 November 2023
Investment end date
4 November 2021
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