SECURE INCOME
BOND
FIXED INCOME WITH NO STOCK MARKET EXPOSURE
- 7% Annual income
over 5 years. A quarterly income option
is availabledistribuant
un revenu défini lors de la souscription.
- Aims to provide
return of capital after 5 years
- Bonds invest in
cash and assets issued by institutions
rated A- or better “exported”
by Standard & Poors or equivalent.
- An investment
with NO Stock Market exposure.
- All investment
receive before the last date will be
invested in money market. So your
investment can be higher than the amount
you have transferred.
- Product
available in Euro or SEK .
- Product also
available in Sterling (GBP) but at a 7.5%
annual income over 5 years.
- The bond will
be listed on the Luxembourg Exchange www.bourse.lu
- The issuer is
regulated and authorized by the CSSF, the
Financial Regulator in Luxembourg.
- Common
depositary and Paying agent: Fortis
Banque Luxembourg SA (A+) & Royal Bank of
Scotland (RBS) .
- Custodian:
Société Européenne de Banque SA (Lux).
- Payment and
custody agent and securities intermediary
: Bank of New York
- The consultant:
Investor Luxembourg SA
| nnnn |
Tranche
1
May 2008
|
Tranche
2
June 2008
|
Tranche
3
August 2008
|
| The last day for
a Direct Investment is |
18 April
2008 |
30 May
2008 |
18 July
2008 |
| Cut off date (money
must be in the account and\par
application form accepted |
25 April
2008 |
6 June
2008 |
25 July
2008 |
| The Bond starts
on |
2 May
2008 |
13 June
2008 |
1 August
2008 |
| The Bond matures
on |
2 May
2013 |
13 June
2013 |
1 August2013 |
| Quarterly income
payments start on |
2 August2008 |
13
September 2008 |
1
Novembre 2008 |
| Annual income
payments start on |
2 May
2009 |
13 June
2009 |
1 August2009 |
| Capital repayment
date |
2 May
2013 |
13 June
2013 |
1 August2013 |
- Please note that both
income and growth payments will be
credited to your account (nominated by
yourself on the application form) within
10 working days of the dates stated below.
Please
feel free to contact us at any time if you
require more information.
"The
Protected Asset TEP Fund No.2"
Investment Objective:
To provide investors
with capital growth and low risk through
investment in a diversified portfolio of with-profit
Traded Endowment Policies (TEPs) issued by
leading UK Life Assurance companies.
Capital Guarantees:
Endowment Policies have
in-built guarantees represented by the sum
assured and bonuses accumulated. These capital
guarantees are paid by the Life Offices and
cannot be taken away or reduced as long as the
premiums are maintained to maturity.
The illustration below
shows the comparison between the average price
paid for the policies acquired by
PATF compared to the
average capital guarantees contained within those
policies. The capital guarantees will exceed the
purchase price on average by between 20% and 30%.
Single Pricing:
To ensure neither
“per buyers nor “per revenue”
sellers are penalised. the Fund has no bid-offer
spread.
Currency Classes:
Investors can access the
Fund in Sterling, Euros and US Dollars. The Fund
does not benefit from foreign exchange movements
but seeks to protect Euro and US Dollar investors
from adverse currency movements. Hedging
facilities will be transacted through Allied
Irish Bank who offer competitive spreads on
hedging instruments and JC Rathbone Associates
Ltd. (JCRA) are appointed as the currency hedging
advisor to the fund. JCRA has developed since
1989 into the largest foreign exchange exposure
consultancy company in the UK and advise on the
most effective mechanism to hedge exposure.
Fund Statistics: (most
currency funds launched 15th May 2004)
As at: July 16th
2008
Fund Size: £ 395,1
millions
Fund Price:
£ 1,4461
$ 1,3017
€ 1,3103
Fund Performance:
Currency
Class
|
Launch
Date
|
1
Month
|
3
Months
|
6
Months
|
1
Year
|
3
Years
|
Since
Launch
|
£
|
15/12/2003
|
0,49%
|
1,69%
|
2,51%
|
4,75%
|
22,67%
|
44,61%
|
$
|
15/05/2004
|
0,47%
|
1,62%
|
2,42%
|
4,10%
|
19,45%
|
30,17%
|
€
|
15/05/2004
|
0,47%
|
1,61%
|
2,41%
|
4,56%
|
20,31%
|
31,03%
|
Sterling Class
: n° Sedol: 3384314
n° ISIN: GB0033843144
Dollar US Class
: n° Sedol: 3434446 n° ISIN:
GB0034344464
Euro Class
: n°
Sedol: 3434435 n° ISIN: GB0034344357
General Information:
applicable to all classes:
Investment class: TEPs
Dealing:
Monthly (16th)
Initial Charge:
Nil
Redemption Fee: 1st 5
years only
Annual Management Fees: 1.975%
Traded endowment Policies ?TEPs?:
TEPs are endowment
policies that are bought and sold by investors,
policyholders and Market Makers.
Investment in TEPs:
TEPs can offer investors large in-built capital
guarantees together with capital growth
comparable to and exceeding similar low risk
investments.
Risk and Reward:
The Capital guarantees contained within a TEP
often “purchasing power standard”
exceed the price paid. PATF N°2 is designed as a
medium to long term investment. Withdrawals are
restricted in year 1, the redemption fee for
withdrawals commences at 8%, reducing by 0.4% per
quarter to Nil after 5 years.
Please
feel free to contact us at any time if you
require more information.
EQUATUS INSURANCE BROKER S.A.
31, Boulevard Prince Henri – L - 1724
Luxembourg
société de conseil en Ingénierie Patrimoniale
et de Courtage d’assurance.
Tél. : + 352 26 00 80 70 -Fax : + 352
26 00 80 78 Email : info@equatus.com
SA au capital de 31.000€ - R.C. :
Luxembourg B- 103 680
Responsabilité professionnelle auprès de AIG
Europe
|
