The Enhanced Growth Plan is a Structured Deposit Plan that offers an enhanced return on any rise in the FTSE 100 Index at maturity, subject to averaging. Enhanced Growth Plan 10 offers the opportunity for clients to receive a return equivalent to 400% of any percentage growth of the Index, capped at a maximum 40% gross return on the Original Investment (equivalent to 5.77% AER*). The Original Investment will also be returned at maturity.**
If the Final Index Level is the same as or lower than the Initial Index Level your client will receive only their Original Investment at maturity.
In addition this Plan offers an ‘Early Bird Interest' feature, which pays interest on client's money deposited before the start of the Plan. Interest is paid at 0.5% gross pa/AER* (fixed) and is accrued on a daily basis from the evening your client's cleared funds are received until the evening of 2nd July 2012.
Please remember, there is no guarantee that the FTSE 100 Index will rise or behave the way it has done in the past.
The Final Index Level is subject to averaging over the last year of the Plan to smooth the performance of the FTSE 100 Index. Please download the Term Sheet below for details.
The Enhanced Growth Plan 10 can be held as a Direct Investment, cash ISA or cash ISA transfer, or within a SIPP, SSAS or Offshore Bond. The minimum amount you can pay in is £5,640. Offer closes 5th June 2012 or earlier if sold out. Deadline for cash ISA transfer applications is 29th May 2012.
For more information, please download and read the Term Sheet and Product Guide below.
The Original Investment will be held on deposit by Cater Allen Limited. This will ensure the return of the Original Investment if the Plan is held to maturity on 5th July 2018.
* AER stands for Annual Equivalent Rate. This shows what the interest rate would be if we paid interest and added it to your client's plan each year. Your client's return will only be paid at the end of the term. Gross is the rate before the the deduction of the basic rate of income tax, currently 20%. Except for Early Bird Interest, the AER is variable and will depend on the performance of the FTSE 100 Index.
** Capital Protection
Original Investment is returned at maturity. The capital protection depends on the continued solvency of Santander UK plc.