Investment Options

 

Options	Capital Protection at Maturity	Protected Portfolio added to capital protected at maturity	Suited to
Averaged Return- maximum protection	100%	100% of average growth	Investors who want 100% capital protection at maturity and their returns smoothed across the whole investment period
Averaged Return -strategic protection	80%	200% of average growth	as option 1 but for investors who are prepared to exchange some of their capital protection in return for twice the prospects for growth
Assured Return	100%	50% of final growth (averaged over the last 12 months), with a minimum return of 16%	investors who want 100% capital protection at maturity and their returns based on performance averaged over the last 12 months only with the added security of a minimum return
Absolute Return	100%	70% of final growth (averaged over the last 12 months)	as option 3 but for investors wanting to exchange the minimum return for higher growth prospects

The Capital protection only applies if you leave your money invested for the full 5 and a half year term. If you encash your investment early, you may experience some loss of capital or investment return

The return delivered with options 3 and 4 grows over the first 4 and a half years, without averaging being applied.  It is only during the last 12 months that averaging is used with the aim of reducing the effect of volatility during the last year. (for a fuller explanation please see pages 12 and 13 of the brochure)