Prima Growth Plan 20

Features
Target Market
Key Facts
Key Dates
Literature

9% per annum with 5 early maturity opportunities

This plan is closed to new applications.

Investment returns linked to the performance of the FTSE 100™ Index ('the Index')
Early maturity will be triggered on any anniversary date providing the Index is at or above its Opening Level. In this case capital will be returned in full plus a growth payment of 9% (not compounded) for each year the Plan has been in force
Capital is at risk if the Index closes more than 50% below its Opening Level during the investment term; if not, 100% of the capital will be returned at maturity
The capital and investment returns of the Plan are 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 11th May 2010
Available until 30th June 2010

Target Market

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

understand and are used to equity based investments, and
are able to invest for a period of up to 6 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 deposit based investment

Key Facts

Investment Term

6 years and 14 days, with the potential for early maturity on any anniversary date if the Index is at or above its Opening Level.

Availability

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

Indices

FTSE 100™

Investment Return

If, on any anniversary date, the Index is at or above its respective Opening Level, the Plan will mature and pay 9% (not compounded) for each year the Plan has been in force. If the Closing Level the Indices is below its Opening Level on the anniversary date, the Plan will continue for another year.

If the Plan runs for its full six-years, the investment return will be 54% as long as the Index is at least equal to its Opening Level at close of business on 4th July 2016. If the Final Level is lower there will be no investment return payable.

Capital Return

Your capital will be returned in full at maturity, provided the Index has not fallen by more than 50% below its Opening Level during the investment term. If the Index has fallen by more than 50% and the Final Level is less than its Opening Level, capital will be reduced 1% for each 1% the Final Level is below its Opening Level.

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 11th May 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 direct investments will be subject to Capital Gains Tax. Please note, the new UK Government has indicated that it will issue a new Budget within the first 50 days of its Administration and it is possible that tax changes could be included in this.

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.

For this product the Securities will be Notes.

Key Dates

Offer period

Closed

ISA transfers

Applications must be received by 16/06/2010

Start date

02/07/2010

Opening level