Secure Global Bond 2
Secure Global Bond 2
The Acorn Life Secure Global Bond 2 (the “Bond”) is an innovative investment bond with a term of 6 years offering 100% capital protection after deduction of the 1% government levy while allowing you to gain exposure over this period to the increase, if any, in the average value of three funds; the JP Morgan Global Income Fund, the Ethna-AKTIV E Fund and the DNCA Eurose Fund (the “Fund Basket Value”).
The Bond allows you to gain from the potential growth in the Fund Basket Value when markets rise while also protecting you from significant losses when markets are down.
The Bond also aims to protect you from falls in the Fund Basket Value towards the end of your investment. This is done by averaging the values of the Fund Basket from each of the last 12 months which helps cushion any highs or lows experienced. This can reduce the effect of any falls in the Fund Basket Value but can also limit your investment growth in the last year of the term.
At maturity you receive 100% of the capital invested after deduction of the 1% government levy plus 60% of the growth over the 6 year term, if any, of the fund basket value, less any Exit tax* due. Growth is calculated based on the amount invested after the deduction of the 1% government levy.
Protection from large fluctuations in the last year of the term by averaging the values of the Fund Basket from each of the last 12 months.
Fixed investment term of 6 years from the 21st November 2014. The bond is only intended for investors who do not require access to the fund over this term.
Minimum investment is €10,000.
Full or partial encashments are not allowed during the fixed investment term of 6 years.
Closing date for receipt of applications is 24th November 2014, or earlier if fully subscribed.
*Exit tax is currently 41%.
Important: Please note that the above are only brief summaries of the features of the Secure Global Bond 2. Definitive terms are provided in the Important Information Document.
Warning: If you invest in this product you will not have any access to your money for a period of 6 years.
Warning: The value of your investment may go down as well as up