When you invest in the Semi-Annual Step Down Kick-out Plan Issue 9, 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
20 April 2018 (Stocks & Shares ISA transfer)
27 April 2018 (Cash ISA transfer)
Application deadline
11 May 2018
Investment start date
18 May 2018
Anniversary dates
18 May 2020, 18 November 2020, 18 May 2021,
18 November 2021, 18 May 2022, 18 November 2022,
18 May 2023, 20 November 2023, and 20 May 2024
Investment end date
18 May 2022
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