When you invest in the Semi-Annual Step Down Kick-out Plan Issue 12, you may receive an accumulated return of 3.35% for each six month period that has elapsed (equivalent to 6.7% per annum) depending on the performance of the FTSE 100 Index.
Potential early maturity (kick-out) on an Anniversary Date where 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
13 July 2018 (Stocks & Shares ISA transfer)
20 July 2018 (Cash ISA transfer)
Application deadline
3 August 2018
Investment start date
10 August 2018
Anniversary dates
10 August 2020, 10 February 2021, 10 August 2021, 10 February 2022, 10 August 2022, 10 February 2023, 10 August 2023, 12 February 2024 and 12 August 2024.
Investment end date
10 February 2022
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