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FTSE 100 Enhanced Kick-Out Plan 26
An opportunity for your clients to receive an attractive return with the potential for early maturity.
Investec option
Return
Potential for early maturity if at the end of years 1, 2, 3 or 4, the five-day average closing level of the FTSE 100 (Kick-Out Level) is higher than the Initial Index Level, the Plan will mature with a fixed payment equivalent to 13.5% per annum (not compounded).
If the Plan does not mature early, 120% of any FTSE 100 growth with no upper limit, comparing the Final Index Level to the Initial Index Level.
The Initial Index Level is the closing level of the FTSE 100 on 12 March 2012.
The Final Index Level is the average of the closing levels of the FTSE 100 on each Business Day from, and including, 19 September 2016 to, and including, 17 March 2017.
If the FTSE 100 falls by more than 50% during the Plan and finishes below its starting level, your client’s initial investment is reduced by 1% for every 1% fall in the FTSE 100 at the end of the Plan.
Commission
3% of the initial investment, or 2% of initial investment plus 0.75% trail commission, payable on each of the Plan's anniversary dates, or 1% initial commission only.
Commission rebates are not available for ISA investments.
UK 5 option
Return
Potential for early maturity if at the end of years 1, 2, 3 or 4, the five-day average closing level of the FTSE 100 (Kick-Out Level) is higher than the Initial Index Level, the Plan will mature with a fixed payment equivalent to 11.5% per annum (not compounded).
If the Plan does not mature early, 120% of any FTSE 100 growth with no upper limit, comparing the Final Index Level to the Initial Index Level.
The Initial Index Level is the closing level of the FTSE 100 on 12 March 2012.
The Final Index Level is the average of the closing levels of the FTSE 100 on each Business Day from, and including, 19 September 2016 to, and including, 17 March 2017.
If the FTSE 100 falls by more than 50% during the Plan and finishes below its starting level, your client’s initial investment is reduced by 1% for every 1% fall in the FTSE 100 at the end of the Plan.
Collateralised
The UK 5 option is designed to reduce the potential loss to your client’s investment in the event that Investec fails or becomes insolvent and to replace this with a risk spread across HSBC Bank plc, Nationwide Building Society, Santander UK plc, The Royal Bank of Scotland plc and Lloyds TSB Bank plc (the ‘UK 5’). The Collateral will comprise a portfolio of securities issued by each of the UK 5 and/or cash and/or UK government debt.
Commission
3% of the initial investment, or 2% of initial investment plus 0.75% trail commission, payable on each of the Plan's anniversary dates, or 1% initial commission only.
Important Plan dates
Offer Period for
direct
investments
and
ISA investments
16 January 2012 to
24 February 2012
ISA Transfers
10 February 2012
Start Date
12 March 2012
Kick-Out Dates
End of year 1: 12 March 2013
End of year 2: 12 March 2014
End of year 3: 12 March 2015
End of year 4: 14 March 2016
Final Maturity Date
20 March 2017
Term
5 years and 1 week
Product Comparison
Compare this Plan against similar products in the market
Collateralisation
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Downloads
All our application forms can be completed electronically.
Brochures & Application Forms
IFA Support Material
Terms of Business
Registration Document
and Prospectus
- Base Prospectus
13 December 2011 - Base Prospectus
1 December 2011 - Base Prospectus
20 September 2011 - Registration Document
23 August 2011
FVC Report - Investec option
HMRC ISA Guidance
Our view of HMRC guidance on plans that incorporate 'Kick-Out' features.
