Prima Plus Plan 6

Features
Target Market
Key Facts
Key Dates
Literature

9% per annum with 9 early maturity opportunities

This plan is closed to new applications.

Investment returns linked to the performance of the FTSE 100™ Index and the DJ EuroStoxx50™ Index ("the indices")
No Index growth required to achieve quoted returns.
Early maturity will be triggered as long as the level of both indices are at or above their pre-determined trigger levels at any anniversary date. The trigger levels are 100% of their Opening Levels at the end of year 1, 95% ay the end of year 2, 90% at the end of year 3, 85% at the end of year 4, 80% at the end of year 5 and 75% at the end of years 6-10.
The counterparty is Société Générale, which had a Standard & Poor's credit rating of 'AA-' at the time of brochure issue. They were however subsequently downgraded to 'A+' on 7 May 2009.
100% capital return provided neither Index is more than 50% below its Opening Level on 9 June 2019.
Available until 12 June 2009.

Target Market

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

understand and are used to equity investment, and
are able to invest for a period of up to 10 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

10 years and 14 days, with the potential for early maturity. Maturity will be triggered if the level of the Index is at or above its Opening Level on any Measurement Date.

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.

Index

FTSE 100™ and DJ Eurostoxx 50™

Investment Return

9% per annum (simple) for each year the Plan is in force, so the returns at each possible maturity date would be 9% (end of year 1), 18% (end of year 2), 27% (end of year 3); 36% (end of year 4); 45% (end of year 5); 54% (end of year 6); 63% (end of year 7); 72% (end of year 8); 81% (end of year 9) or, if the plan runs a full 10 year term, and the Index Levels are at or above their Opening Levels, 90%.

If the Index Levels are below their Opening Levels no investment return will be payable.

Capital Return

Capital will be returned in full at maturity, provided on the 19 June 2019 neither of the indices are more than 50% below their Opening Levels.

Only if one or both of the Indices are more than 50% below their Opening levels will investors suffer a capital reduction. If this were the case capital will be reduced by 1% for each 1% the lower performing Index finishes below its Opening Level. Please see the brochure for a full explanation of the calculation, plus examples.

Counterparty Risk

The securities will be issued by Société Générale, a major financial institution with a rating of ‘AA-‘ by Standard and Poor’s at the time the brochure went to print. On 7 May 2009 they were subsequently downgraded by S&P to 'A+'. 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

3% initial commission plus 0.5% per annum performance commission for each year the plan is in force up to maturity, payable at maturity (providing the investor receives an investment return).

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 05/06/2009

Start date

19/06/2009

Opening level