JP Morgan ASX 20+ Series 3 (1% Rebate Offer)
A capital protected product with exposure to 20 of the ASX largest companies and a cost of only 33%.
NOW CLOSED

Rebate Offer

1% (33% rebate of initial commission)

Minimum Initial Investment

$30,000

Structure

Synthetic warrants with exposure determined by a (CPPI overlay)

Offer Period

13th October - 30th October 2009

Maturity Date

13 November 2014 (5 years)

Prospectus

ASX 20+ Series 3 Application form

ASX 20 Series 3 is a structured product allowing investors to leverage (72.6%) into the ASX 20 with no ongoing fees and protection of the loan amount (72.6%). Unlike, many other CPPI products, the ASX 20 Series 3 provides participation of between 20%-200% and never cash locks.

Key features and benefits

Exposure to 20 of Australia's largest companies allows investors to participate in the anticipated market recovery over the next 5 years.

Dynamic management provides participation of between 20% and 200% in the underlying equities.

Capital Protection ensures investors receive a minimum return of the loan amount.

In-built non-recourse loan allows investors and SMSFs to gear their investments.

No ongoing fees to pay each year - JP Morgan's instalment warrant structure means that the $33 application fee includes the cost of the instalments. As such, investors are not required to fund the cost of the borrowing each year.

Tax beneficial structure - The structure of the product means that investors have a potential entitlement to franking credits and are able to make an in-specie transfer of the underlying stock at the end of the 5 year term.