FTSE 100 Straddle Index
| Index |
FTSE 100 Straddle |
| Guarantee |
100% of the capital is guranteed to be returned at the end of the term |
| Participation |
200% - This means that subject to there being no barriers breached, as specified below, the interest you will receive at the end of the term will be equal to 200% of the increase in the FTSE 100 during the term. For example, if the FTSE 100 increases by 30% during the period, the interest you will receive will be 60% of the capital. |
| Term |
3 Years |
| Early Maturity |
Barriers at 65% and 135% of the index level at the start date. The 200% participation rate will be paid unless (a) The lower barrier is breached at any time (continuously observed) and on the final valuation date the index level closed below its closing level on the start date, whereby only capital will be returned, or (b) The upper barrier is breached (continuously observed) and on the final valuation date the index closes above its closing level on the start date, whereby only capital will be returned, or (c) The lower barrier and the upper barrier are breached whereby only capital will be returned on maturity. |
| End Payout |
Capital or Capital plus 200% of any increase or decrease in FTSE Index, unless barrier hit. |
| Currency |
GBP |
Bespoke GEBs are also available in US Dollar & Euro. For further information please contact our Relationship Banking team on +44 (0) 1624 671666.
