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  4. 3 year trigger guaranteed equity ISA (issue 7)

3 year trigger guaranteed equity ISA (issue 7)

The 3 year trigger guaranteed equity ISA (issue 7) is a deposit based investment linked to the FTSE 100 Index over a three year period. You'll receive 25.00% tax free / 7.72% AER* as long as the average of the FTSE 100 Index hasn't fallen between the initial and maturity index readings. If the FTSE 100 Index falls, because your money is linked to the FTSE 100 Index rather than invested in the companies listed in it, your capital will be available for re-investment on 31 May 2010.

"Initial Index" means the average value of the FTSE 100 Index measured at normal FTSE 100 Index closing time on each day between 14 June 2007 and 13 July 2007.

"Maturity index level" means the average value of the FTSE 100 Index measured at normal FTSE 100 Index closing time on each day between 26 February 2010 and 26 May 2010.

Your Initial Index Level
6636.60
Your maturity index level
5539.41

Although your 3 year trigger guaranteed equity ISA (issue 7) will not pay a return, it was only linked to the FTSE 100 Index, not directly invested in the companies listed in it. So you can be confident that your original investment will be returned at maturity under the terms of the account (subject to any early withdrawals).

Your 3 year trigger guaranteed equity ISA (issue 7) matures on 31 May 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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