Target Growth Plan (standard option): June 2010

Please note: The deadline for this investment has been extended and will now close to new business at 5pm on Monday 16 August.

The Target Growth Plan gives investors the opportunity to receive a competitive fixed return at maturity based on the performance of the FTSE 100 Index.

The TGP now offers two options offering investors providing a clear distinction between risk and reward - the Standard option and the Reserve option. Both utilise safety barriers features to help counter significant market falls and preserve capital.

In the event of the FTSE 100 experiencing a fall and the safety barrier being breached, the Plan’s defensive structure works to offset potential losses by combining any residual return and capital.

The TGP is not a guaranteed investment and both payment of the fixed return and full repayment of capital are conditional on the Index not breaching the barriers in place for each option.

Current offer in summary:

Five-year investment term
Two investment options
- Standard option: Pays a fixed return of 47.5% plus full repayment of capital at maturity provided the FTSE 100 does not fall below 60% of its starting level throughout the term. Should this happen, both the return and investors’ capital would be lost 1:1 with the Index.
- Reserve option: Pays a fixed return of 40% plus full repayment of capital at maturity providing that the FTSE 100 Index does not fall below 60% of its strike level during the term. However should the FTSE 100 fall below this barrier level, neither the return nor capital is immediately at risk because of the existence of the ‘Reserve’ feature.
  
  The level of the Index is checked once a month. If at that time, it is less than 60% below its starting level, then the ‘Reserve’ feature is utilised. For every 1% the Index falls below the 60% safety barrier, the ‘Reserve’ – initially set at 100% - absorbs the ‘loss’ on a cumulative basis, until the ‘reserve’ runs out. At that point the Plan becomes at risk and continues to work in the same way as the Standard Option and capital.

Invests in assets issued by Barclays Bank PLC – Rated AA- by Standard & Poor’s and Aa3 by Moody's
Available for direct investment where returns are taxed as capital gains; any gain would be assessed in tax year 2015/16 with latest payment for tax due 31 January 2016
Eligible for ISA investment including transfers
Eligible in most cases for pension portfolio investment within a SIPP or SSAS investment
Suitable for Corporates, Trusts and Charities
Early withdrawal is possible but may result in a capital loss
3% commission payable (commission may be sacrificed on a 1 for 1 basis)
NB. This is an at risk investment and investor capital is subject to reduction at maturity

If you would like to find out more about using this product in your clients’ portfolios, please call us on 0800 234 6023 to arrange to speak to one of our Business Development Managers.