FTSE 100 Enhanced Income Plan 48
A maximum five year structured investment plan linked to the performance of the FTSE 100 Index. The Plan aims to provide fixed income payments of 0.35% per month (4.2% per annum) over the 5 year term, regardless of the performance of the FTSE 100.
Product Literature & Forms
You should always read the relevant plan brochure and any other plan documentation, for full details of the plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document ('KID'), that you should consider, before deciding to invest in the plan.
If you do not fully understand the risks or are unsure as to the suitability of the investment, please contact us
How to Invest?
Applications for the Plan must be submitted via Best Price Financial Services and received by 5pm on 13 January 2019 for bank transfer applications.
The closing date for applications by cheque is 7 January 2019
The closing date for ISA transfer applications is 19 December 2018.
This will enable us to process your application and forward it on to the structured product provider.
1 Firstly, print off and complete our Appropriate Assessment Questionnaire. All applications require two proofs of identity - see the questionnaire for more information.
2 Next download, print and complete the application form available. Note that product applications will have multiple documents, so please choose the one relevant to you.
3 Place 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
The Plan is designed to provide regular monthly income payments over 5 years and to return your initial investment
You will receive payments of 0.35% monthly regardless of the performance of the FTSE 100 Index, equivalent to 4.2% gross per year.
Repayment of your initial capital at the end of the term is subject to the performance of the FTSE 100 Index.
At maturity, if the Final Index Level is higher than the Initial Index Level then you will receive back your initial investment.
At maturity, if the Final Index Level is equal to or lower than the Initial Index Level, and the FTSE 100 has not fallen by more than 60% from the Initial Index Level during the Observation Period, you will receive back your initial investment.
However, if the FTSE 100 falls by more than 60% from its starting level at any point during the Plan, and finishes lower than its starting level, your initial investment will be reduced by 1% for every 1% fall in the FTSE 100 at the end of the Plan.
Therefore, This Plan has been designed for clients who are looking for a high level of income over a 5 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.
All investments carry risk. It is identifying those risks, understanding how they may affect an investment and assessing whether an investment is suitable for your circumstances that is important.
The potential returns of most structured products and repaying the money invested are usually linked to the level of a stock market index and also depend on the financial stability of the issuer and counterparty bank. You should only consider investing if you understand and accept the risk of losing some or all of any money invested.
You should always read the relevant plan brochure and any other plan documentation, for full details of a plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document (‘KID’), that you should consider, before deciding to invest in a plan.
Structured products should only be considered as part of a diversified and balanced portfolio.
Below is a summary of some of the main risks usually associated with an investment in structured products plans: