JB Global Income & Equity Accelerator 4-Berkshire
- Status
- Closed
- Series number
- 4
- Launch date
- 16 Mar 2010
- Initial pricing date
- 05 May 2010
- Maturity date
- 06 May 2013
- Underlyings
- Class B Shares in Berkshire Hathaway Inc (Bloomberg, BRK/B US Equity)
- Initial price per unit
- $0.00000
- Capital protection
- 0 %
- Rising guarentee
- 0 %
- Current NAV
- $0.00000
- Current bid
- $0.00000
- Listing
- Unlisted
Description
JB Global Income and Equity Accelerator Units offer the following features:
• Two potential Coupon payments of up to 8.1% of the Issue Priceeach during the Investment Term;
• Potential enhanced returns at Maturity through the calculation of the Final Valueand the delivery of shares in leading Australian companies (the ”Delivery Assets”) at the Maturity Date calculated by reference to the Final Value;
• a compulsory 100% Limited Recourse Loan to fund your Investment Amount.
Investors can request for the Issuer to sell the Delivery Assets on their behalf and receive the cash Sale Monies less Delivery Costs (if any) (the ”Agency Sale Option”). Applicants will purchase the Units by entering into a 100% Limited Recourse Loan with the Lender.
Applicants will pay the Prepaid Interest and Application Fee prior to the Commencement Date, and must repay their Loan prior to Maturity. If the Investor has not repaid their Loan on or prior to the Maturity Date they will be deemed to have requested to use the Agency Sale Option, and the Sale Monies will be applied to repay the Loan amount, and any surplus is paid to the Investor.
The target Volatility Level determined on the Commencement Date was 17.5%. The Participation Rate and actual volatility as at the Commencement Date were 64% and 27.16% respectively.
| Strategy Value ( Averaging Dates ) |
Date |
Strategy Value |
| Issue Date ( Initial Averaging Date 1 ) |
05/05/2010 |
100.00 % |
| Initial Averaging Date 2 |
04/06/2010 |
95.14 % |
| Initial Averaging Date 3 |
05/07/2010 |
99.97 % |
| Initial Strategy Value |
05/07/2010 |
98.37 % |
| Date |
Strategy Value |
Performance |
| 28/06/2010 |
102.50 % |
4.19 % |
| 30/06/2010 |
101.54 % |
3.22 % |
| 06/07/2010 |
99.97 % |
1.62 % |
| 12/07/2010 |
101.35 % |
3.03 % |
| 19/07/2010 |
99.74 % |
1.39 % |
| 26/07/2010 |
100.75 % |
2.41 % |
| 30/07/2010 |
100.30 % |
1.96 % |
| 02/08/2010 |
101.61 % |
3.29 % |
| 09/08/2010 |
102.15 % |
3.84 % |
| 16/08/2010 |
99.36 % |
1.01 % |
| 23/08/2010 |
99.64 % |
1.29 % |
| 30/08/2010 |
100.11 % |
1.77 % |
| 31/08/2010 |
100.72 % |
2.39 % |
| 06/09/2010 |
|
|
|
|
|
* Please note the level is indicative only and does not represent the amount an investor would achieve on redemption of the product on any particular day.
Performance = Latest Strategy Value/Initial Strategy Value - 100%
For further information, investors should contact their adviser or JB Global. For unitholder information, advisers and investors may contact:
Registries Limited
(p) 02 9290 9640
(f) 02 9279 0664
(e) callcentre@registriesltd.com.au
For any other queries, please contact the JB Global on: 02 8114 2222.
Publications
JB Global Income & Equity Accelerator 4-Berkshire SPDS
21 May 2010
SPDS
JB Global Income & Equity Accelerator 4-Berkshire
18 March 2010
PDS
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