European Emerging Markets Bond

July 2006

A 100% capital guarantee with participation in emerging and volatile markets

For our clients we have launched our first internally developed investment bond delivered in association with the Newcastle Building Society. The bond has a fixed term of five years, provides a 100% capital guarantee and participates in the growth of dynamic emerging markets, specifically China, Latin America and Russia.

100% guarantee with 60% participation

Our bond allows a guaranteed investment in high risk markets, with a participation level which is 60% of the average increase in the three indices (China, Latin America and Russia), and perhaps most important of all, it takes out the currency risk in its entirety as the financial options only take into account the increase and/or decrease in the index.