Dynamic 11Strike Date: 14th July 2004 |
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Brief Description |
A unique variation on standard
CPPI-based growth (called SPI) with a minimum return of 100%. The upside is
based on a strategy linked to the FTSE100 index with participation
varying between 10% and 150%. Each quarter the deposit locks in 90% of the value of the reference basket at that time. This
becomes the new protected minimum return if it is higher than the
previous locked-in value.
Quarterly Lock-in Dates are the dealing date closest to: 14 April, 14 July, 14 October, 14 January |
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| Click here for table of specific valuations | |||
Valuation Notes |
The values shown above are for reference information purposes only and relate to the performance of the FTSE100 and the relative value of the reference basket. These are not current surrender values. The product is designed to be held to maturity and any early redemption may result in a loss of capital. | ||
PDFs |
Hyperlink | ||
Offer Open Date |
01/05/2004 |
Offer Close Date |
30/06/2004 |
Initial Strike Date |
14/07/2004 |
Final Index Date |
13/07/2010 |
Maturity Date |
14/07/2010 |
Term (Years) |
6 |
Product Type |
Growth | ||
Wrapper Type |
Deposit | ||
Underlying Market |
FTSE100 | ||
Strike Levels |
FTSE100: | 4372.60 | |
Payoff Type |
Portfolio Insurance | ||
Headline Rate |
--- | ||
Minimum Return |
100% | ||




