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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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Regular Income Bond - March 2009 Edition |
Term |
5 years (annual or monthly coupon) |
Income |
7.50% per annum or 0.615% per month |
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 between maturity date and start date. |
Index |
FTSE100 |
Minimum Investment |
£3600 per wrapper |
Counterparty |
Barclays Bank PLC (AA-) |
Closing Dates |
New Investments - 08/05/2009
(ISA applications for 2008/09 must be received by 02/04/09)
ISA Transfers - 27/04/2009
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Expected Tax Treatment |
Returns are subject to income tax. |
Wrappers |
- Direct
- ISA |
Chelsea Discount |
1.5% |
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Chelsea Comment |
For investors who wish to make a 5 year commitment, this product delivers a steady stream of income at a rate much higher than for most deposit accounts, with tax protection if it is within an ISA. At present, the FTSE100 must fall to levels not seen since 1990 to trigger the 50% barrier. Please note that the counterparty risk lies with Barclays Bank PLC who are currently rated AA- by Standard & Poor's.
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Remember! All investments carry some risk. Before going any further, please read the Important Notice below.
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