Inv Objective & Performance
April 10 2007 - 11:19AM
UK Regulatory
RNS Number:6221U
Close Fund Mngmt Portfolios II PCC
10 April 2007
FOR IMMEDIATE RELEASE
10 April 2007
Japanese Accelerated Return Fund II
The investment objective of the Japanese Accelerated Return Fund II is to
provide investors with five times the growth of the Nikkei 225 Index, up to a
maximum capital repayment of 180 pence, over the six year period to 21 December
2011, combined with a high level of capital security, subject to any unforeseen
circumstances.
The Shares will offer full capital protection unless the Nikkei 225 Index has
closed down more than 50 per cent from its starting value (ie below 7,978.79)
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 Nikkei 225 Index, again up to a maximum
capital repayment of 180 pence.
The official closing level of the Nikkei 225 Index as at 30 March 2007 was
17,287.65. If the Index closed at this level on 21 December 2011, the redemption
price (ending share price) would be 141 pence.
Payoff Profile
The table below illustrates how the redemption value of the Shares might vary
for different ending levels of the Nikkei 225 Index.
Ending Share Price
Final Nikkei 225 If Nikkei 225 Index never If Nikkei 225 Index
Index* closes below 7,978.79+ closed below 7,978.79+
12,000 100 75
12,500 100 78
13,000 100 81
13,500 100 84
14,000 100 87
14,500 100 90
15,000 100 93
15,500 100 97
16,000 101 101
16,500 116 116
17,000 132 132
17,500 148 148
18,000 163 163
18,500 179 179
19,000 180 180
19,500 or over 180 180
* As at 21 December 2011
+ On any day from 21 December 2005 to 21 December 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
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