Net Asset Value
February 07 2007 - 12:14PM
UK Regulatory
RNS Number:9037Q
Close UK Index Growth Fund 2012
07 February 2007
FOR IMMEDIATE RELEASE
7 February 2007
Close UK Index Growth Fund 2012 (the "Fund")
The Fund's investment objective is to provide investors with four times the
growth of the FTSE 100 Index, up to a maximum capital repayment of 164 per cent
of the Issue Price, over the six year period to 22 November 2012, combined with
a high level of capital security, subject to any unforeseen circumstances.
The Zero Dividend Shares will offer full capital protection unless the FTSE 100
Index has closed down more than 50 per cent from its starting value (i.e. below
3080.15) during the term AND fails to recover to its starting value. In this
case, the return on the Zero Dividend Shares will be the same as the return on
the Index. If the Index subsequently recovers and rises above its starting
value, the Zero Dividend Shares will still offer four times the growth of the
FTSE 100 Index, again up to a maximum capital repayment of 164 per cent of the
Issue Price. The Issue Price was 148.64p per Zero Dividend Share.
The official closing level of the FTSE 100 Index as at 31 January 2007 was
6203.10. If the Index closed at this level on 22 November 2012, the redemption
price (ending share price) would be 152.77 pence.
Payoff Profile
The table below illustrates how the redemption value of the Zero Dividend Shares
might vary for different ending levels of the FTSE 100 Index.
Ending Share Price
Final FTSE 100 Index* If FTSE 100 Index never If FTSE 100 Index
closes below 3080.15 + closed below 3080.15 +
4000 148.64 96.51
4250 148.64 102.54
4500 148.64 108.57
4750 148.64 114.61
5000 148.64 120.64
5250 148.64 126.67
5500 148.64 132.7
5750 148.64 138.73
6000 148.64 144.77
6250 157.29 157.29
6500 181.42 181.42
6750 205.55 205.55
7000 229.68 229.68
7250 243.76 243.76
7500 or over 243.76 243.76
* As at 22 November 2012
+ On any day from 22 November 2006 to 22 November 2012
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 Fund 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 Zero Dividend 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
Fund 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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