Inv Obj & Perf Update
12 1월 2008 - 1:39AM
UK Regulatory
RNS Number:6418L
Accelerated Return Fund Limited
11 January 2008
FOR IMMEDIATE RELEASE
11 January 2008
The Accelerated Return Fund Limited (the "Company")
The Company's investment objective is to provide investors with six times the
growth of the FTSE 100 Index, up to a maximum capital repayment of 166 pence,
over the five-and-a-half year period to 7 October 2008, combined with a high
level of capital security, subject to any unforeseen circumstances.
The Shares will offer full capital protection unless the FTSE 100 Index has
closed down more than 50 per cent from its starting value (ie below 1,967.9)
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 six times the growth of the FTSE 100 Index, again up to a maximum capital
repayment of 166 pence.
The official closing level of the FTSE 100 Index as at 31 December 2007 was
6,456.90. If the Index closed at this level on 7 October 2008, the redemption
price (ending share price) would be 166 pence.
Payoff Profile
The table below illustrates how the redemption value of the 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 1,967.9+ closed below 1,967.9+
2,000 100 50
2,250 100 57
2,500 100 63
2,750 100 69
3,000 100 76
3,250 100 82
3,500 100 88
3,750 100 95
4,000 109 109
4,250 147 147
4,500 166 166
4,750 166 166
5,000 or over 166 166
* As at 7 October 2008
+ On any day from 7 April 2003 to 7 October 2008
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 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
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
MSCUAONRWNRAAAR
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