Barclays Euribor Plus, FI
Minimum, non-guaranteed, return objective of 13%* on 21/12/15
The Fund has a non-guaranteed return objective linked to the one-year Euribor consisting of the holder obtaining, for units subscribed up to and including 1/11/11, and held until 21/12/15, a return calculated as the sum of four percentages corresponding to the 12M Euribor rate on each observation date, taking into account that if on those dates the latter is less than 3.25%, 3.25% will be taken, and if it is more than or the same as 3.25%, 6% will be taken.
The 12M Euribor observation dates will be: 19/12/11, 19/12/12, 19/12/13 and 19/12/14 or next working day. This return will be calculated for subscriptions made until 1/11/11, inclusive, and held until 21/12/15, which would mean a minimum, non-guaranteed APR at maturity of 3% and a maximum of 5.33%*.
|SAMPLE CHART||Hypothetical 12M Euribor||Minimum||Maximum||Percentage each year|
|Year 1||< 3.25||3.25%||6.00%||3.25%|
|Year 2||< 3.25€||3.25%||6.00%||3.25%|
|Year 3||= 3.25%||3.25%||6.00%||6.00%|
|Year 4||= 3.25%||3.25%||6.00%||6.00%|
|Total sum of coupons calculated annually:||18.5%|
Six-monthly repayment dates with no repayment fee or discount
|Scenario 1: Interest rates remain the same||Scenario 2: Interest rates fall||Scenario 2: Interest rates fall|
|Percentage established annually for calculating fund return||Year 1: 3.25%;||Year 1: 3.25%;||Year 1: 3.25%;|
|Year 2: 3.25%;||Year 2: 3.25%;||Year 2: 3.25%;|
|Year 3: 3.25%;||Year 3: 3.25%;||Year 3: 6%;|
|Year 4: 3.25%||Year 4: 3.25%||Year 4: 6%|
And, until 1/11/2011
we’ll give you 0.5%
of the amount invested. From €3,000 and unlimited amount1
Consult the Fund Prospectus, which is available free of charge at any Barclays Bank, at the Management Company, on www.barclays.es, as well as in the CNMV registers.
Category: Passive Management.
Fund Risk Profile: Medium
Manager: Barclays Wealth Managers España S.A.
Depository Bank: Barclays Bank, S.A.
C.N.M.V. register number: 1943
Minimum Initial Investment: 600€
Initial Offer Period: up to and including 1 November 2011.
Indicative term of investment: 4 years, from 02/11/11 to 21/12/15, both inclusive.
Annual Management Fee0.70% until 01/11/2011 inclusive and 1.20% from 02/11/2011.
Annual Deposit Fee: 0.15% until 01/11/2011 inclusive and 0.15% from 02/11/2011. These % are maximum limits. Management and Deposit fees effectively collected will be 0.9% and 0.1% annually, respectively, on the assets calculated as the balance of existing units for the net asset value on 1/11/11.
Subscription Fee: 5% on amount subscribed from 02/11/2011, inclusive, or if it occurs before, from the date on which assets of 40 million euros are reached until 21/12/2015 inclusive.
Repayment Fee and Discount: from 02/11/11, inclusive, or if it occurs before, from the date on which assets of 40 million euros are reached until 20/12/15 inclusive, a repayment fee of 2% and a repayment discount fee in favour of the fund of 1% on the amount repaid.
Repayment dates with no repayment fee and discount: 30/04/12, 31/10/12, 30/04/13, 31/10/13, 30/04/14, 31/10/14 and 30/04/2015. The units repaid on that date are not subject to the non-guaranteed return objective.
Maximum amount of units per holder: For holders acquiring this condition from when assets of €40 million are reached, and from 2/11/11, the maximum amount shall be 1 unit.
1This document is for information purposes only and does not constitute any offer, solicitation or recommendation to invest in the financial product in question. No information contained in this document should be interpreted as advice of financial, fiscal, legal or any other nature. In no case does this document replace any other of a legal nature, the appropriate document having to be completed for each type of investment. The Investor must receive the documentation required by the corresponding legal provisions. Past return is no guarantee of future results. Investments in Investment Funds are subject to market fluctuations and other risks attached to investment securities, and therefore the Fund initial value and the returns obtained may vary, upwards or downwards. Capital risk: initial capital and return objective are not guaranteed. Credit risk: resulting from the issuers’ capacity for paying coupons and debt. Market risk: a risk of a general nature existing as a result of investing in any type of asset. The listing of the assets especially depends on the performance of financial markets, as well as the economic evolution of the issuers that are influenced by the general situation of the world economy and political and economic circumstances within the respective countries. Interest rate risk: rates may vary, with positive or negative impacts on the Fund asset value. Liquidity risk: investment in low-capitalization securities and/or in markets of a reduced size and limited volume of trading may prevent investments from having liquidity, which may negatively affect the terms of the price at which the fund may have to sell, buy or change its positions. Risks for investment in derivative financial instruments: The use of derivative financial instruments, also as cover for cash investments, also bears risks, such as the possibility of there being an imperfect correlation between the movement of the value of derivative contracts and the elements object of cover, which may lead to the latter not being as successful as expected. Investment in derivative financial instruments bear additional risks to cash investments due to their leverage, which makes them especially sensitive to changes in the price of the underlying and may multiply portfolio value losses. Transactions with derivative financial instruments not traded on organised derivative markets bear additional risks, such as the default of the counterpart, as a result of the inexistence of a clearing house to mediate between the parties and ensure the positive results of the transactions. This product is not intended for individuals residing in the USA or legal entities incorporated under US law. US person is any individual who resides in the USA for more than 3 months. 1 PROMOTION 0.5%: Promotion valid until 1/11/11 and for amounts that correspond to external transfers coming from other funds from other banks that are not Barclays. Payment shall be made into the Barclays Current Account associated to the Fund, during the first fortnight of January 2012 minus the corresponding tax deduction according to legal requirements, since this sum is considered income from capital and shall be subject to deduction at source in accordance with current regulations at the time, having to be borne by the customer. The balance must be held at Barclays until 1/11/2013. Partial transfers to other funds shall lead to compensation in the Bank’s favour. Total external transfers of Fund units to other banks, as well as the repayment or internal transfer to another Fund, whether total or partial, shall lead to compensation in the Bank’s favour of the entirety of the payment already paid in proportion to the units repaid or transferred. Consult the transfer terms and conditions of the Investment Fund in which this offer is included at any Barclays branch.