The opportunity for early maturity with capital protection
The Investec FTSE 100 Kick-Out Deposit Plan 28 is a structured deposit plan linked to the performance of the FTSE 100 Index (‘the index’).
The objective of the Plan is to deliver attractive returns with potential for early maturity dependent on the performance of the Index.
The Plan has a 5 year term, but offers the opportunity to mature early after years 2, 3, or 4. To achieve early maturity the average closing levels of the Index for the five business days up to, and including one of the Kick-Out Dates must be higher than the Initial Index Level. If the Plan does mature early then the Plan will return 6% times the number of years the Plan has been active (not compounded). For example, early maturity at the end of year 3 would return 18%.
If the Plan runs for the full 5 year term and the Kick-Out Levels are never higher than the Initial Index Level then the Plan will return only your original capital with no growth returns.
The Plan is available for Cash ISA, Cash ISA Transfer, Direct Investment, as well as SIPP and SSAS pension investments. It is also available to businesses, charities and trusts.
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Potential return - 6% for every year the Plan is in force
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Capital Protected Product*
- Eligible for the Financial Services Compensation Scheme up to £85,000 for an individual or up to £170,000 for a joint deposit account **
- Investment term - Up to 5 Years
- Minimum single Investment - £3,000
- Maximum cash ISA investment - £5,640
- Maximum direct investment - £1,000,000
- Also available to businesses, charities and trusts
- This Plan is not the same as a bank or building society deposit account and you may not receive your your initial deposit in full if your capital is withdrawn early
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ISA transfer deadline: 11th May 2012
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Direct investment deadline: 25th May 2012
* The return of your initial deposit depends on the ability of the deposit taker (Investec Bank plc) to repay your money.
**Subject to the Scheme's eligibility criteria - see brochure for details. Most types of deposit business are covered up to a maximum of £85,000.