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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jap.Acc.Pf | LSE:JAP | London | Ordinary Share | GB0033788018 | PTG SHS 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 102.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
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TIDMJAP
RNS Number : 1436Z
Japanese Accelerated Perf Fund Ltd
16 September 2009
FOR IMMEDIATE RELEASE
16 September 2009
Japanese Accelerated Performance Fund Limited (the "Company")
The Company's investment objective is to provide investors with five times the
growth of the Nikkei 225 Index (the "Index"), up to a maximum capital repayment
of 200 pence, over the six year period to 17 December 2009, combined with a high
level of capital security, subject to any unforeseen circumstances.
The Shares will offer full capital protection unless the Index has closed down
more than 50 per cent from its starting value (ie below 5,046.32) during the
term AND fails to recover to its starting value of 10,092.64. In this case, the
return on the Shares will be the same as the return on the Index. If the Index
subsequently recovers and rises above its starting value, the Shares will still
offer five times the growth of the Index, again up to a maximum capital
repayment of 200 pence. There are 30,000,000 Shares in issue.
The official closing level of the Index as at 28 August 2009 was 10,534.14 +. If
the Index closed at this level on 17 December 2009, the redemption price (ending
share price) would be 121.00 + pence.
Payoff Profile
The table below illustrates how the redemption value of the Shares might vary
for different ending levels of the Index.
+-----------------------+------------------------+------------------------+
| | Ending Share Price |
+-----------------------+-------------------------------------------------+
| Final Nikkei 225 | If Nikkei 225 Index | If Nikkei 225 Index |
| Index* | never closes below | closed below 5,046.32| |
| | 5,046.32| | |
+-----------------------+------------------------+------------------------+
| 5,000 | N/A | 49 |
+-----------------------+------------------------+------------------------+
| 5,500 | 100 | 54 |
+-----------------------+------------------------+------------------------+
| 6,000 | 100 | 59 |
+-----------------------+------------------------+------------------------+
| 6,500 | 100 | 64 |
+-----------------------+------------------------+------------------------+
| 7,000 | 100 | 69 |
+-----------------------+------------------------+------------------------+
| 7,500 | 100 | 74 |
+-----------------------+------------------------+------------------------+
| 8,000 | 100 | 79 |
+-----------------------+------------------------+------------------------+
| 8,500 | 100 | 84 |
+-----------------------+------------------------+------------------------+
| 9,000 | 100 | 89 |
+-----------------------+------------------------+------------------------+
| 9,500 | 100 | 94 |
+-----------------------+------------------------+------------------------+
| 10,000 | 100 | 99 |
+-----------------------+------------------------+------------------------+
| 10,500 | 120 | 120 |
+-----------------------+------------------------+------------------------+
| 11,000 | 144 | 144 |
+-----------------------+------------------------+------------------------+
| 11,500 | 169 | 169 |
+-----------------------+------------------------+------------------------+
| 12,000 | 194 | 194 |
+-----------------------+------------------------+------------------------+
| 12,112 | 200 | 200 |
+-----------------------+------------------------+------------------------+
| 12,500 or over | 200 | 200 |
+-----------------------+------------------------+------------------------+
* As at 17 December 2009
| On any day from 17 December 2003 to 17 December 2009
The final return is subject to there being no counterparty default or any other
unforeseen circumstances.
As at 28 August 2009 the investments held by the Company were:
+--------------------------------------------------------+---------------+
| | NOMINAL |
+--------------------------------------------------------+---------------+
| DEBT SECURITIES PORTFOLIO | HOLDINGS |
+--------------------------------------------------------+---------------+
| | GBP |
+--------------------------------------------------------+---------------+
| | |
+--------------------------------------------------------+---------------+
| Britannia Building Society EMTN 21 December 2009 | 4,500,000 |
+--------------------------------------------------------+---------------+
| | |
+--------------------------------------------------------+---------------+
| Caisse Centrale du Credit Immobilier de France EMTN | |
+--------------------------------------------------------+---------------+
| 21 December 2009 | 4,300,000 |
+--------------------------------------------------------+---------------+
| | |
+--------------------------------------------------------+---------------+
| Caixa Geral de Depositas EMTN 21 December 2009 | 4,000,000 |
+--------------------------------------------------------+---------------+
| | |
+--------------------------------------------------------+---------------+
| Egg Banking Plc EMTN 21 December 2009 | 4,300,000 |
+--------------------------------------------------------+---------------+
| | |
+--------------------------------------------------------+---------------+
| Irish Permanent EMTN 21 December 2009 | 4,300,000 |
+--------------------------------------------------------+---------------+
| | |
+--------------------------------------------------------+---------------+
| Royal Bank of Scotland Plc EMTN 21 December 2009 | 4,300,000 |
+--------------------------------------------------------+---------------+
| | |
+--------------------------------------------------------+---------------+
| Yorkshire Building Society EMTN 21 December 2009 | 4,300,000 |
+--------------------------------------------------------+---------------+
| | |
+--------------------------------------------------------+---------------+
| | TOTAL |
+--------------------------------------------------------+---------------+
| | GBP |
+--------------------------------------------------------+---------------+
| | |
+--------------------------------------------------------+---------------+
| | 30,000,000 |
+--------------------------------------------------------+---------------+
The Company has also sold a Put option with a notional amount of GBP30,000,000.
The performance of the Put option is linked to the performance of the Index. At
an Index value of 10,092.64 or above at the close of business on 17 December
2009, or if the Index has never closed below 5,046.32 during the calculation
period from 17 December 2003 to 17 December 2009 (the "Calculation Period"), the
Put option will be worth GBPNil at maturity. If the Index has closed below
10,092.64 over the Calculation Period and the Index is still below 10,092.64 at
17 December 2009, the Put option will be worth at maturity a percentage of the
notional value, being GBP30,000,000, equivalent to the percentage fall in the
level of the Index over the Calculation Period. As at the date of this
announcement the Index has not closed below 5,046.32 during the Calculation
Period.
Capital at Risk Products ("CARPs")
The Company has been advised that Company is a CARP as defined by the Financial
Services Authority (FSA). Investors should refer to the FSA factsheet, which is
available at
www.moneymadeclear.fsa.gov.uk/products/investments/types/pooled/structured_prod
cts.html
The return of capital invested at the end of the investment period is not
guaranteed and therefore the investor may get back less than was originally
invested. Investors should not enter into the transaction unless they are
prepared to lose some or all of the money they have invested.
They should satisfy themselves that the Shares are suitable for them in the
light of their circumstances and financial position, and if in any doubt they
should seek professional advice. Investors may only achieve the rate of return
advertised over a set period and the return may depend on specific conditions
being met.
+This data has been provided by Close Investments Limited. Close Investments
Limited may source data from third party data providers such as, but not limited
to, Bloomberg. Close Investments Limited accepts no responsibility or liability
for the accuracy of data sourced from such third parties. All data in this
document has been procured and may have been acted upon by Close Investments
Limited for its own purpose. The results are being made available to you for
information purposes only and incidentally. This data is provided purely for
information purposes only and should not be relied upon.
The monthly factsheet is available on the website www.closeam.com.
For further information contact:
Anson Fund Managers Limited
Secretary
Tel: 01481 722260
E&OE - in transmission
This information is provided by RNS
The company news service from the London Stock Exchange
END
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