Merchant Capital is launching a new plan which provides exposure to Brazil and China.
The Kick-Out plan: Emerging Markets is linked to the Hang Seng China Enterprises Index and iShares Brazil Index fund.
With a final maturity of three years, three weeks, it offers the potential for 9% for each six months held. This is payable on the first six-month anniversary that both indices close at or above, their corresponding starting levels.
It also offers the potential to mature after each six month investment period provided both the indices close at, or above, their corresponding starting index levels, returning the original capital in full, in addition to a gain of 9% for every six months the plan has been in force.
If the plan does not mature early, capital will be returned in full unless the final level of either index is more than 50% below its corresponding initial level. At which point, capital is at risk.
Barclays Bank serves at the counterparty.
The plan is open for investment until 30 June 2010, set at a minimum of £5,000. It is available either for either direct investment or as a SIPP, with commission at 1.5%.
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