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5 year double protection guaranteed equity ISA

Your 5 year double protection guaranteed equity ISA matures on 30 June 2010. This is a deposit based investment linked to the FTSE 100 Index over a five year period.

As the FTSE 100 Index fell, between the initial and maturity readings and 80% of the decline was less than 15.00% tax free, your 5 year double protection guaranteed equity ISA will not pay the 80% of the FTSE 100 Index decline when your account matures.

Your 5 year double protection guaranteed equity ISA will receive the minimum return of 15.00% tax free / 2.42% AER along with your original investment when your account matures on 30 June (subject to any early withdrawals).

Your Initial Index Level
5336.4
Your maturity index level
5167.7

"Initial Index" means the average value of the FTSE 100 Index measured at normal FTSE 100 Index closing time on each day between 14 July 2005 and 14 October 2005.

"Maturity Index Level" means the average value of the FTSE 100 Index measured at normal FTSE 100 Index closing time on each day between 25 June 2009 and 25 June 2010.

If you haven't already done so please send us back your maturity instruction form.

Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.

NET rates are illustrative only, allowing for the deduction of income tax at 20%. If you are a higher rate tax payer, you may have a further amount to pay. If we deduct more tax than you have to pay this can be reclaimed from HMRC.

Tax Free means free from personal liability to Income Tax.

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Birmingham Midshires is a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Services Authority. It is entered in the FSA's Register and its Register Number is 169628. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ.
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