Re-Strike Deferred Purchase Agreements Series 2
- Status
- Closed
- Series number
- 2
- Launch date
- 03 May 2010
- Initial pricing date
- 19 Jul 2010
- Maturity date
- 19 Jan 2017
- Underlyings
- Series 2: Risk Stabilised Aquantum Pegasus EL1 Strategy
- Initial price per unit
- $0.80000
- Capital protection
- 1 %
- Rising guarentee
- 0 %
- Current NAV
- $1.00000
- Current bid
- $0.78700
- Listing
- Unlisted
Description
The Re-Strike Deferred Purchase Agreements (“Units”) are designed
to offer Investors exposure to the performance of the Reference
Index – either the Risk Stabilised SPI 200 Index Future Strategy for
Series 1 or the Risk Stabilised Aquantum Pegasus EL1 Strategy for
Series 2 (or both should an Investor choose to invest in Series 1 and
Series 2). The Investment Term is 7 years for Series 1 and 6 ½ years
for Series 2.
The Units offer the following investment features:
• potential for returns at Maturity which are determined by
reference to the Risk Stabilised SPI 200 Index Future Strategy
for Series 1 and the Risk Stabilised Aquantum Pegasus EL1
Strategy for Series 2 (each a “Reference Index”) over the
Investment Term;
• potential for the payment of Variable Coupons during the
Investment Term based on the performance of the Reference
Index above a High Water Mark and subject to a Hurdle Rate;
• the payment of annual Fixed Coupons which are required to
be fully reinvested as further Instalment Payments of the Issue
Price of the Units; and
• capital protection for Investors who hold their Units until
Maturity. This means that Investors, at Maturity, will receive, at
minimum, Delivery Assets with a value equal to the Issue Price
(i.e. $1.00 per Unit) (“Minimum Final Value”).
The Final Value per Unit at Maturity is the Minimum Final Value
(i.e. $1.00 per Unit) plus the greater of;
1. zero; and
2. the amount of the increase in the Reference Index Value less
the sum of the Variable Coupons paid during the Investment
Term (if any) and less the Final Hurdle.
Each Unit is a separate right to receive the Delivery Assets on a
deferred basis and certain related rights under a deferred purchase
agreement as described in this PDS. After Maturity, Investors will
receive the Delivery Assets, unless they request the Issuer to sell the
Delivery Assets on their behalf and receive the Sale Monies.
Publications
Re-Strike Deferred Purchase Agreements Brochure
03 May 2010
Re-Strike Deferred Purchase Agreements PDS
03 May 2010
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