Capital-Protected Profit Lock-in

Strategy Plans (EUR)

Linked to the Curzon FX Profit Lock-in Total Return I Index

Capital-Protected by

Nomura Bank International plc (S&P A-rated)

For Purchase by Sophisticated Investors and SIPPs

This fact sheet is designed for Sophisticated Investors contemplating making investments either directly or through their SIPPs. This fact sheet is for information only and should not be considered as a financial promotion. This information alone should not be relied on for making investment or purchasing decisions.

Key Points

·  Average 5-year target return of 15% pa (net of all fees)

·  Five-year capital protection starts at 100% of capital invested, increasing by 33% of NAV growth at each anniversary of the Deposit Date to create a profit lock-in

·  Returns on Deposit Accounts linked to performance of five top performing FX managers selected from a global universe

·  Up to 1.5 times bank gearing to enhance performance of underlying FX managers

·  Capital protection and gearing managed through dynamic allocation between exposure to underlying FX managers and cash deposits

·  Weekly liquidity through buy-backs at 1.75% discount to NAV in the 1st year, 1.50% in the 2nd year, 1.25% in 3rd year and 1.00% in the 4th and 5th years. Full NAV received at maturity in 5 years

·  Returns expected to be treated as capital gains at CGT rate of 18%

·  SIPP & SSAS compliant: listed on the London Stock Exchange

·  Separate Structured Deposit version available for investment through Offshore Insurance Bonds

Product performance
3 Year Annualised
Annual Return / 18.6%
Sharpe Ratio / 3.4
Sortino Ratio / 19.9
1 Year Annualised
Annual Return / 11.7%
Sharpe Ratio / 2.3
Sortino Ratio / 11.4

The performance chart of the Curzon FX Index provided below represents the aggregated performance of the current five FX managers assuming that each manager received 20% of the available notional cash three years previously. The performance of a Strategy Plan established also three years previously would have been different from the performance chart below since the Strategy Plan will be subject to management fees, capital protection fees, Index Adviser fees and early exit fees, which will reduce overall returns but this may have been more than offset by the performance enhancement provided by the bank gearing of up to 1.5x to the underlying exposure to the FX managers

Summary of Terms
Name / Capital-Protected Profit Lock-in Strategy Plans (EUR)

Linked to the Curzon FX Profit Lock-in Total Return I Index

Issuer / Nomura Bank International Plc (S&P ‘A’ rated)
Currency / EUR
Maturity / 5 Years
Underlying Asset / Five top-performing FX managers
Protection Level / 100% of Principal at maturity, increasing by 33% of NAV growth each year
Initial Exposure / 60% to Underlying Asset
Maximum Exposure / 150% to Underlying Asset
Redemption at Maturity / Notional Amount x Higher of either Protection Index Level or Curzon FX Profit Lock-in Total Return I Index Level at maturity
Protected Index / The Protected Index consists of:
(1) Underlying Asset, (2) Reserve Asset, (3) Leverage Units with a pre-defined weighting algorithm. The aim of this weighting algorithm is to maximize the exposure to the Underlying Asset while also ensuring that Protected Index Level at maturity is at least equal to the Protection Level. In extreme circumstances this may lead to the exposure to Underlying Asset falling to 0%. If this occurs it will remain at 0% until maturity
Upfront Fee to Distributors / Subscription Fee: 5% (3% Introducing Adviser’s Fee + 2% Promoter’s Fee)
Profit Lock-in Level / 100% of the initial capital deposited is protected at maturity in five years by Nomura Bank International Plc. Every year the capital protection locks-in at 33% of the capital gain from the Issue Date on a high water mark basis. The capital protection is managed through dynamic asset allocation between exposure to the underling FX managers and cash deposits
Index Adviser’s Fee / 1.5% annual Curzon FX Index Adviser’s fee (includes 0.5% trail fee to introducing advisers)
15% performance fee with high water mark to Index Adviser
Capital Protection Fee / 1.8% annual fee to Nomura from which Nomura will pay all administration fees
Early Exit Fee / 1st year 1.75%, 2nd year 1.50%, 3rd year 1.25%, 4th & 5th years 1.00%
Minimum Subscription / €50,000
Contact us

Curzon Capital Limited

34 Clarges Street

Mayfair

London

W1J 7EJ

Tel: +44 (0)20 7355 2427