Growth Plan 14 is a Structured Deposit product which provides a return at maturity equal to 120% of any potential growth in the FTSE 100 Index, as well as 100% Capital Protection* after the six year term.
There is no limit on the percentage return that your clients can receive, allowing them to benefit in full from any percentage increase between the Initial Index Level of the FTSE 100 Index at the commencement date, and the Final Index Level at maturity.
If there is no increase after the six year term, your client’s Original Investment will still be returned to them at maturity.
The Final Index Level is calculated using averaging over the last year of the Plan, which smoothes the performance of the FTSE 100 Index. Please download the Term Sheet below for more details on averaging.
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 0.50% 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 16th August 2012.
Growth Plan 14 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 20th July 2012 or earlier if sold out.
Please remember, there is no guarantee that the FTSE 100 Index will rise or behave the way it has done in the past.
For more information, please download and read the Term Sheet and Product Guide below.
* Capital Protection - The Original Investment will be held on deposit by Cater Allen Private Bank, this will ensure the return of the Original Investment if the Plan is held to maturity on 21st August 2018. The capital protection depends on the continued solvency of Santander UK plc.
**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%.