1285 - Range Accrual Growth
||The performance of the Underlying is measured on set dates during the term (for example, on a daily or weekly basis). For each date that the Underlying is within a certain range, a return is 'accrued' and paid at maturity.
||Full repayment at maturity only if the Underlying meets certain pre-specified conditions (for example, closing above a certain level (the 'protection barrier'). This can be measured throughout the term (sometimes referred to as an 'American' barrier) or at maturity only (sometimes referred to as an 'European' barrier), depending on the terms of the product. If the condition is not met, capital is at risk. The repayment of capital will typically depend on how far the Underlying has fallen at maturity.
- Expects the Underlying to remain within a specified/pre-defined range during the term of the product.
- Does not expect the Underlying to breach the condition required to protect capital, but understand their capital is a risk if it does.
- Has a moderate to high risk profile (willing to put their investment at risk to achieve greater returns compared to similar capital protected products).
- Does not need an income from their investment.
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