UK Turtle Note
Designed exclusively for inclusion in an offshore life bond, this is an investment product which is protected at 80% of the highest ever price. The performance of the UK Turtle Note is linked to the FTSE 100 Total Return Index (“Equity Portion”) and the Barclays GBP Overnight Index (“Cash Portion”). The allocation to the Cash Portion and Equity Portion is determined on a daily basis by applying a rule-based system which is dependent on prevailing market conditions.
Underlying Assets
FTSE™ 100 Total Return Index [Bloomberg Code = TUKXG Index]
Barclays GBP Overnight Index [Bloomberg Code = BXIIOGBP Index]
The Note aims to provide
An investment linked to a leading British equity index with the comfort of knowing that you are protected against the risk of large falls.
Minimum investment level - £10,000
For more details read the accompanying brochure (PDF) and factsheet (PDF).
Please note that the terms of this investment does not constitute a recommendation to effect a life assurance bond nor does it consider the appropriateness of effecting such an investment.
Potential investors must instruct their offshore life assurance bond provider to effect investment in the Note from which their policy benefits will be linked. An instruction will only be accepted from an offshore life assurance bond provider who has been approved by Barclays to place investments in the Note. The use of the term offshore life assurance bond provider should be construed as meaning a non-UK domiciled life assurance company.
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