CEAF Close European

RNS Number:9793N
Close European Accelerated Fund Ltd
15 December 2006


FOR IMMEDIATE RELEASE

15 December 2006

Close European Accelerated Fund Limited (the "Company")

The Company's investment objective is to provide investors with five times the
growth of the Dow Jones EuroStoxx 50 Index, up to a maximum capital repayment of
167.5 pence, over the six year period to 26 July 2011, combined with a high
level of capital security, subject to any unforeseen circumstances.

The Shares will offer full capital protection unless the Dow Jones EuroStoxx 50
Index has closed down more than 50 per cent from its starting value (ie below
1,651.49) during the term AND fails to recover to its starting value. In this
case, the return on the Shares will be the same as the return on the Index. If
the Index subsequently recovers and rises above its starting value, the Shares
will still offer five times the growth of the Dow Jones EuroStoxx 50 Index,
again up to a maximum capital repayment of 167.5 pence.

The official closing level of the Dow Jones EuroStoxx 50 Index as at 30 November
2006 was 3,987.23.  If the Index closed at this level on 26 July 2011, the
redemption price (ending share price) would be 167.50 pence, compared to a
maximum of 167.5 pence.

Payoff Profile

The table below illustrates how the redemption value of the Shares might vary
for different ending levels of the Dow Jones EuroStoxx 50 Index.

                                        Ending Share Price

Final Dow Jones      If Dow Jones EuroStoxx 50 Index    If Dow Jones EuroStoxx 
EuroStoxx 50 Index*  never closes below 1,651.49+       50 Index closed below
                                                                1,651.49+

    2,600                       100.0                           78.5
    2,700                       100.0                           81.5
    2,800                       100.0                           84.5
    2,900                       100.0                           87.5
    3,000                       100.0                           90.5
    3,100                       100.0                           93.5
    3,200                       100.0                           96.5
    3,300                       100.0                           99.5
    3,400                       114.5                           114.5
    3,500                       129.5                           129.5
    3,600                       144.5                           144.5
    3,700                       160.0                           160.0
    3,800                       167.5                           167.5
    3,900                       167.5                           167.5
    4,000 or over               167.5                           167.5


* As at 26 July 2011

+ On any day from 26 July 2005 to 26 July 2011

The final return is subject to there being no counterparty default or any other
unforeseen circumstances.


Structured Capital at Risk Products (SCARPs)

The Company has been advised that the Company is a SCARP as defined by the
Financial Services Authority (FSA). Investors should refer to the FSA factsheet,
which is available at www.fsa.gov.uk/consumer/pdfs/capital_risk.pdf.

The return of capital invested at the end of the investment period is not
guaranteed and therefore the investor may get back less than was originally
invested. Investors should not enter into the transaction unless they are
prepared to lose some or all of the money they have invested.

They should satisfy themselves that the shares are suitable for them in the
light of their circumstances and financial position, and if in any doubt they
should seek professional advice. Investors may only achieve the rate of return
advertised over a set period and the return may depend on specific conditions
being met.

The monthly factsheet is available on the website www.closefm.com.

For further information contact:

Anson Fund Managers Limited
Company Secretary

Tel: 01481 722260

E&OE - In Transmission



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
MSCDGMMZLKNGVZG

Close European Accelerated Fund (LSE:CEAF)
Historical Stock Chart
From Jun 2024 to Jul 2024

Close European Accelerated Fund (LSE:CEAF)
Historical Stock Chart
From Jul 2023 to Jul 2024