Barclays Commodities Select Plan with Big Discounts

Barclays Commodities Select Plan

2.5% Discount

Applications must be posted to Moneyworld and arrive at least three days before the official closing date to guarantee delivery to the Investment Company before close of business.

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Key Dates

Download Application

Plan Closes: 20 August 2008

FSA 'Capital at Risk Product' Brochure
Last Transfers: 25 July 2008

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Plan Details

Investment period Five years

Early investment discount
Equivalent to 4.5% interest gross per annum on your investment from the date you invest until 27 August 2008

Initial Reference Date 27 August 2008

Maturity date 27 August 2013

Commodity Basket
Gold (2.5%), Silver (2%), Platinum (3%), Aluminium (6%), Copper (6%), Lead (4%), Tin (4%), West Texas Intermediate Crude Oil (25%), Gas Oil (5%), Heating Oil (5%), Coal (17.5%), S&P Goldman Sachs Index (GSCI®) Livestock Index Excess Return (5%), Corn (5%), Wheat (5%), Soybeans (5%)

Commodity Basket Performance
The difference between the value of the Commodity Basket on the Initial Reference Date and the Market Prices (see p.10 of the brochure for details) of the Commodities (adjusted for their respective weightings in the Commodity Basket) at the time in question.

Final Basket Performance
The average of the Commodity Basket performance recorded on the 27th day of each month (or if that day is not a Business Day, the next business day) over the final 12 months of the investment, starting on 27 August 2012 until 27 August 2013 inclusive.

Investment Objective To receive your capital back at the end of the investment term plus an amount (rounded down to two decimal places) that is equal to 115% of the Final Basket Performance.

Availability
Direct investments (also for joint applications), Stocks and Shares ISAs. Corporates, trusts and charities (assuming they are set up as a company or a trust)

Investment limit
Minimum investment of £3,600, maximum of £500,000 Investments in excess of £500,000 may be accepted at the discretion of Woolwich Plan Managers

Early withdrawal
Withdrawals can be made on a fortnightly basis but the amount received will be determined by the actual price of the investments realised. Clients may receive less than they originally invested

Counterparty risk
The issuer of the assets supporting the Plan is Barclays Bank PLC which is currently rated ‘AA’ by Standard and Poor's

Tax
The gain on assets held in an ISA will be free of tax. In the case of direct investments, any gain or loss would be considered a gain/loss under CGT rules. The investor will be able to use their CGT exemption to reduce any CGT tax that may be payable

Charges
No explicit additional initial or annual charges. Charges have been included within the terms of the investment and are not expected to exceed 7% of your initial investment.