Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Close UK IndxGrwth12 (CSUZ)

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Tuesday 19 June, 2012

Close UK IndxGrwth12

Inv Obj and Perf Update

RNS Number : 7195F
Close UK Index Growth Fund 2012
19 June 2012
 



FOR IMMEDIATE RELEASE

 

19 June 2012

 

Close Assets Funds Limited (the "Company")

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 (the "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 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 of 6,160.30. 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 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 and there are 35,625,000 Zero Dividend Shares in issue.

 

The official closing level of the Index as at 31 May 2012 was 5,320.86.  If the Index closed at this level on 22 November 2012 and the Index had not closed down more than 50 per cent from its starting value during the term (i.e. below 3080.15), the redemption price (ending share price) would be 148.64 pence.

 

Payoff Profile

The table below illustrates how the redemption value of the Zero Dividend Shares might vary for different ending levels of the Index.

 

 


Redemption Proceeds

Final FTSE 100 Index*

 

If FTSE 100 Index never

closes below 3080.15 †

If FTSE 100 Index

closed below 3080.15 †

2000

N/A

48.25

2250

N/A

54.28

2500

N/A

60.32

2750

N/A

66.35

3000

N/A

72.38

3250

148.64

78.41

3500

148.64

84.45

3750

148.64

90.48

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.

 

As at 31 May 2012 the investments held by the Company for the account of the Fund were:

 


NOMINAL

DEBT SECURITIES PORTFOLIO

HOLDINGS


GBP



Abbey National Treasury Services Plc EMTN 6 December 2012

8,800,000



Britannia Building Society EMTN 6 December 2012

8,800,000



Caisse Centrale du Credit Immobilier de France EMTN


6 December 2012

8,800,000



Irish Life & Permanent Plc EMTN 6 December 2012

8,800,000



Royal Bank of Scotland Plc EMTN 6 December 2012

8,953,000



SNS Bank NV EMTN 6 December 2012

8,800,000




TOTAL


GBP




52,953,000

 

The Company has also sold for the account of the Fund a Put option with a notional amount of £52,953,000.  The performance of the Put option is linked to the performance of the Index.  At an Index value of 6,160.30 or above at the close of business on 22 November 2012, or if the Index has never closed below 3,080.15 during the calculation period from 22 November 2006 to 22 November 2012 (the "Calculation Period"), the Put option will be worth £Nil at maturity.  If the Index has closed below 3,080.15 over the Calculation Period and the Index is still below 6,160.30 at 22 November 2012, the Put option will be worth at maturity a percentage of the notional value, being £52,953,000, equivalent to the percentage fall in the level of the Index over the Calculation Period.  As at the date of this announcement the Index has not closed below 3,080.15 during the Calculation Period.

 

Capital at Risk Products ("CARPs")

 

The Company has been advised that the Company is a CARP as defined by the Financial Services Authority (FSA). Investors should refer to the FSA factsheet, which is available at www.moneymadeclear.fsa.gov.uk/products/investments/types/pooled/structured_products.html

 

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.

 

This data has been provided by Close Investments Limited.  Close Investments Limited may source data from third party data providers such as, but not limited to, Bloomberg.  Close Investments Limited accepts no responsibility or liability for the accuracy of data sourced from such third parties.  All data in this document has been procured and may have been acted upon by Close Investments Limited for its own purpose.  The results are being made available to you for information purposes only and incidentally.  This data is provided purely for information purposes only and should not be relied upon.

 

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
 
END
 
 
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