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Bonds
Structured Products -offer returns based on the performance of one or more indicators. They can be capital protected or capital at risk.
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Child Trust Funds (23/08/10)
As of the 1st August we will no longer be able to accept new applications into Child Trust Funds. However, existing holders can still benefit from our 2% discount offered on top-ups.... |
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Please note that your capital is at risk if you invest in this product
Taget Growth Plan - August 2009 Edition |
Term |
5 years |
Income (gross) |
Offers return of 45% plus repayment of capital if the FTSE 100 is not more than 50% below its start value upon maturity. |
Capital Protection |
Capital is reduced if the level of the FTSE100 at any time falls below 50% of the level of the start date and is lower than the value of the start date at maturity. The reduction is equal to the percentage difference of the index levels between the maturity date and start date. |
Index |
FTSE100 |
Minimum Investment |
£3600 per wrapper |
Counterparty |
Barclays Bank PLC (AA-) |
Closing Dates |
New Investments - 02/10//2009
ISA Transfers - 18/09/2009
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Expected Tax Treatment |
Returns are subject to capital gains tax. |
Wrappers |
- Direct
- ISA |
Chelsea Discount |
1.5% added to your investment |
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Chelsea Comment |
For investors who wish to make a 5 year commitment, this product offers a potential return of 45% plus capital at maturity providing the index has not fallen the buffer of 50% at maturity. The equivalent annual compunded rate of return is 7.7% which is far greater than the current risk-free rate of return. However, please note any index growth above the fixed level will not be passed on to the investor. Any returns are liable to Capital Gains Tax, though the investment will be exempt if made within an ISA wrapper.
Please note that the counterparty risk lies with Barclays Bank PLC who are currently rated AA- by Standard & Poor's. If you invest in this product, your capital will be at risk. |
Remember! All investments carry some risk. Before going any further, please read the Important Notice below.
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