CEAF Close European

    RNS Number : 3479W
  Close European Accelerated Fund Ltd
  10 June 2008
   

    FOR IMMEDIATE RELEASE

    10 June 2008

    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 167.50 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 167.50 pence.

    The official closing level of the Dow Jones EuroStoxx 50 Index as at 30 May 2008 was 3,777.85. 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 167.50 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 EuroStoxx 50    If Dow Jones          If Dow Jones EuroStoxx 50
 Index*                          EuroStoxx 50 Index    Index closed below 1,651.49*
                                 never closes 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.closeinvestments.co.uk 

    For further information contact:

    Anson Fund Managers Limited
    Secretary 

    Tel: 01481 722260

    E&OE - in transmission

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