Emerging Markets Kick-Out Plan

Features
Target Market
Key Facts
Key Dates
Literature

15% p.a based on Hang Seng China Enterprise Index and the iShares MSCI Brazil Index Fund

This plan is closed to new applications.

Investment returns linked to the performance of the Hang Seng China Enterprise Index ('HSCEI') and the iShares MSCI Brazil Index Fund (iShares Brazil Index') ('the Indices')
Early maturity can be triggered on any of the first 4 Plan anniversary dates provided both Indices are at or above their respective Opening Levels. In this case capital will be returned in full plus a growth payment of 15% for each year your capital has been invested in the Plan
100% capital return provided the Final Levels of both Indices do not close more than 50% below their respective Opening Levels
The capital and investment return of the Plan is dependent on the counterparty being able to make the payments due from the Plan
The counterparty is Rabobank, which has a Standard & Poor's long term credit rating of 'AAA', as at 14 January 2010
In addition it is important to remember that the value of stock market investments such as this, can and do fall, as well as rise
Available until 22 February 2010

Target Market

This investment could be suitable as part of an investment portfolio for investors who

understand and are happy with emerging market equity based investments, and
are able to invest for a period of up to 5 years, and
are prepared to accept a degree of risk to their capital in return for a higher potential growth than would be available via a similar Plan linked to more established markets/indices, or deposit based investment

Key Facts

Investment Term

5 years and 14 days, with the potential for early maturity on any of the first 4 Plan anniversary dates if both the Indices are at or above their respective Opening Levels.

Availability

As direct investments, stocks and shares ISAs, ISA transfers (including former PEPs), and for pension funds, trustees, companies and charities. Not available for residents of the United States, the Netherlands, Belgium or Luxembourg.

Index

Hang Seng China Enterprise Index ('HSCEI') and the iShares MSCI Brazil Index Fund (iShares Brazil Index) ('the Indices')

Investment Return

If, on any annual measurement date, both Indices are at or above their respective Opening Levels, the Plan will mature returning a full repayment of capital plus a growth payment of 15% (not compounded) for each year the Plan has been in force. If the levels of one or both Indices is below its Opening Level on the anniversary date, the Plan will continue for another year.

If the Plan runs for its full five-years, the investment return will be 75% as long as the Indices are at least equal to their Opening Levels at close of business on 27th February 2015. If one, or both levels are lower there will be no investment return payable.

Counterparty Risk

The securities will be issued by Rabobank, a major financial institution with a long term credit rating of 'AAA' by Standard and Poor’s as at 14 January 2010. The credit rating is subject to change during the offer period and the term of the investment.

If the financial institution were to fail to meet the repayments due to you, you could lose some or all of your investment. Counterparty risk is common to all similar investments.

Tax

Under current tax legislation gains on assets held in an ISA will be free from any tax, while gains on direct investments will be subject to Capital Gains Tax. Details of ISA & PEP scheme merger & other changes are available on the HMRC website.

Interest

Interest will be credited on subscriptions received and held in our client account up to the investment date, subject to a de minimis limit of £10.

Charges

There are no initial or ongoing charges. Charges are included in the pricing of the investment.

Early encashments and transfers during the investment term will be subject to an administration charge.

Commission

Securities

Securities will be structured to provide the returns shown in the plan brochure, and purchased for each investor. These may be notes, warrants, shares or deposits depending on the nature of the investment.

Key Dates

Offer period

Closed

ISA transfers

Applications must be received by 15/02/2010

Start date

26/02/2010

Opening level