US 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 US Turtle Note is linked to the S&P 500 Total Return Index (“Equity Portion”) and the Barclays USD 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
S&P 500 Total Return Index [Bloomberg Code = SPTR500N Index]
Barclays USD Overnight Index [Bloomberg Code = BXIIOUSD Index]
The Note aims to provide
An investment linked to a leading US 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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