Investment high income plan offering up to 7.20% or 5.80% pa
With the Investec Defensive Income Plan interest is paid at the end of each quarter provided the FTSE has not fallen by 20% or 40% respectively, below its value at the start of the plan (subject to averaging). If the Index closes below these levels, no income is paid for that quarter.
The plan has a maximum term of 8 years, but also offers the opportunity to receive your initial capital back in full before then, if the FTSE has risen by more than 5% at the end of each year, from year 2 onwards. If the plan does not end early, your initial capital is returned in full provided the FTSE has not fallen by more than 40% at the end of the plan term. If it has fallen below this level, your capital will be reduced by 1% for each 1% fall, so you could lose some or all of your initial investment.
So whether you are defensive, or ‘super defensive’, this plan still offers the opportunity for high interest.
LIMITED OFFER: current issue ends 10th October 2018
Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.