Up to 7% income with capital protection
The Societe Generale UK Range 7 Deposit Plan 3 is a six year Structured Deposit Plan linked to the performance of the FTSE 100 Index (‘the Index’).
The Plan aims to repay your initial deposit after six years and also provide fixed income returns of 7% gross annually. The FTSE 100 Index is measured on the Start Date and then again every year on the Annual Coupon Determination Date. In order to pay the 7% income the Index must have closed between a specified upper and lower range on each trading day over the previous year. The range for year one is +/- 12% of the Initial Level, and then the range increases by +/- 2.6% each year thereafter, resulting in a range of +/- 25% for the final year.
For example, if the Starting Level of the Index was 6000 points, for year one the closing levels would have to remain between 5280 and 6720 points in order to receive the 7% income payment. By the end of year three the range would be 4968 to 7032 points, and by at the end of the term it would be between 4500 to 7500 points.
If the closing level of the Index doesn’t fall between the specific range during any particular year, no income payment will be made for that period.
This plan is available as a Cash ISA, Cash ISA Transfer, Direct Investment, as well as SIPP, and SSAS pension investments. It is also available to businesses, charities and trusts.
Potential income - 7% gross annually
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 - 6 Years
- Minimum single investment - £3,000
- Maximum cash ISA investment - £5,640
- 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as a bank or building society deposit account and you may not receive your initial deposit in full if your capital is withdrawn early
Investment deadline for ISA Transfers: 8th February 2013
Investment deadline for direct and ISA investment: 27th February 2013
*The return of your initial deposit depends on the ability of the deposit taker (SG Hambros) 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.
For investments within this product of £100,000 or more processed through Fair Investment Company Limited, we will pay you Cashback of 1%. E.g. If you invested £100,000 into the above plan through Fair Investment Company Limited, we would send you a cheque for £1000 four weeks after the start date of the plan.