|Closing Date:||11 April 2018||ISA Transfers:||19 March 2018|
|Start Date:||13 April 2018||Maturity Date:||24 April 2028|
Potential Return: 1.9% per quarter
Investment Type: Income
Product Type: Capital at Risk
Investment Term: Maximum 10 years
Minimum Investment: £5,000
Underlying Asset: FTSE 100 Index and Russell 2000 Index
Capital Protection: You are at risk of losing your capital if the Closing Price of the worst performing Underlying is less than 60% of the Start Level (representing a decline of more than 40% from the Start Level), your Initial Capital will be lost at a rate of 1% for every 1% the Closing Price of the worst performing Underlying is below the Start Level.
The closing date for applications by cheque is 2 April 2018
The closing date for applications by ISA transfers is 17 March 2018.
This will enable us to process your application and forward it on to the structured product provider.
2Next, click Download Plan on the left and download, print and complete the application form available. Note that Investec applications will have multiple documents, so please choose the one relevant to you.
3Place all completed documents - questionnaire, proofs of identity, application form and cheques for payment - in an envelope and post to:
Best Price Financial Services,
The Tythe Barn, 5 Eglwys Nunnydd,
Margam, Neath Port Talbot
All non-advised sales carry an arrangement fee of just 0.5%* of your investment. This is the cheapest percentage fee you'll find online, and all designed to help you make the most of your money. To work out the charge for your investment, use our simple cost calculator.
The Dual Index Defensive Income Kick Out Plan April 2018 is a ten year Plan based on the performance of the FTSE100 Index and Russell 2000 Index, the Underlyings.
The Plan is constructed to offer a Potential Income of % per quarter providing the Closing Price of both the Underlyings is at or above 75% of the Start Level on each quarterly Observation Date. If the Closing Price of any one of the Underlyings is below 75% of the Start Level on a quarterly Observation Date, no income is paid for that quarter.
The Plan has the possibility to kick out from the end of year 2 and quarterly thereafter. Should the Closing Price of both the Underlyings be at or above 105% of the Start Level on any one of the kick out Observation Dates, the Plan will mature early paying the Potential Income for that quarter and returning Initial Capital in full (subject to Counterparty Risk).
If the Plan has not already kicked out, Initial Capital will be returned in full at the end of the Plan’s term if on the Maturity Date the Finish Level of the worst performing Underlying is not more than 40% below the Start Level.
Therefore, This Plan has been designed for clients who are looking for a high level of income over a 6 year period, where the level of income is known and can be budgeted for, perhaps to meet living expenses.
It is aimed at clients who may be cash rich but income poor. As the capital is at risk, it is suited to those clients who are willing to take a risk on capital return in order to receive a higher level of income than could otherwise be achieved from cash products, and therefore are likely to have a medium attitude to risk or higher.