Jubilee’s Regular Income Plan 8 will pay income quarterly along with coupons of 1.75% as long as the FTSE 100 stays at 60% or more of its initial index level on each quarterly observation date. The first such date is 8 August, 2011, one month after the investment start date of 15 July.
The application deadline is 8 July.
If a distribution is missed, payments will resume if the 60% level is reached at a future observation date.
Capital at maturity – 7 August, 2017 – is potentially reduced if the FTSE 100 falls to less than 60% of its initial index level at the close of any trading day during the investment term.
The product is administered by Bank of New York Mellon and the issuer is Royal Bank of Scotland.
