Key Features

  • Investment returns linked to the performance of the Standard & Poor’s GSCI Crude Oil Excess ReturnIndex™(the Index)
  • No Index growth required to achieve quoted returns
  • If the Index is above 80% of its Opening Level but below its Opening Level on any anniversary, the plan will accrue an 8% growth amount
  • Provided the Index is at or above its Opening Level on any anniversary, the plan will mature and pay a growth amount of 8% plus any other accrued growth payments
  • If the Index is not above 80% of its Opening Level on any anniversary then the Plan will not accrue an 8% growth for that year
  • 100% capital return provided the Final Level of the Index is not more than 40% below its Opening Level
  • If the Final Level is more than 40% below its Opening Level capital will be reduced by 1% for each 1% the Index finished below its Opening Level
  • Available to 6 October 2009

Target Market

This investment could be suitable as part of an investment portfolio for investors who

  • understand and are used to equity investment, and
  • are able to invest for a period of up to 5 years, and
  • are prepared to accept a degree of risk to their capital in return for a higher potential growth than would be available via a deposit based investment

Key Dates

Offer period

To 6 October 2009, except for ISA transfers, where applications must be received by 30September 2009

Strike Date

9 October 2009

Opening Level

Close of Business on 9 October 2009

Final Level

Close of Business on 9 October 2014

Annual measurement dates

11 October 2010, 10 October 2011, 9 October 2012, 9 October 2013 and 9 October 2014.

Maturity date

23 October 2014

You should refer to the brochure which contains full details of the Protected Oil Plan.

Telephone enquiries to:0845 009 1805or email to

Key Facts
Investment Term: / 5 years and 14 days, with the potential for early maturity. Early maturity will be triggered if the level of the Index is at or above its Opening Level on an anniversary date of the Plan.
Availability: / As direct investments, stocks and shares ISAs, ISA transfers (including PEPs re-designated as ISAs), and for pension funds, trustees and companies.
Index / Standard & Poor’s GSCI Crude Oil Excess Return Index™
Investment Return / If the Index is above 80% of its Opening Level on any anniversary but below its Opening Level, the plan will accrue an 8% growth amount, and continue for another year.
Provided the Index is at or above its Opening Level on any anniversary, the plan will mature and pay a growth amount of 8% plus any other accrued growth payments. The returns at each possible early maturity date would be a maximum of 8% (end of year 1), 16% (end of year 2), 24% (end of year 3); 32% (end of year 4) or, if the plan runs a full 5 year term, 40%.
If the Index is not above 80% of its Opening Level on any anniversary then the plan will not accrue an 8% growth for the year.
Capital Return / Capital will be returned in full at maturityprovided the Final Level of the Index is not more than 40% below its Opening Level.
I the Final Level of the Index is more than 40% below its Opening Level, capital will be reduced by 1% for each 1% the Final Level is below the Opening Level. Please see the brochure for a full explanation of the calculation, plus examples.
Counterparty Risk / The securities will be issued by BNP Paribas, a major financial institution with a credit rating as at 28 August 2009of ‘AA‘ by Standard and Poor’s. If the financial institution were to fail to meet the repayments due to us, investors could lose some or all of their investment. Counterparty risk is common to all similar investments.
Tax / Under current tax legislation gains on assets heldin an ISA will be free from any tax, while gains on direct investments will be subject to Capital Gains Tax.
Charges / There are no initial or ongoing charges. Charges are included in the pricing of the investment.
Early encashments and transfers during the investment term will be subject to an administration charge.
Interest / Interest will be credited on subscriptions received and held in our client account up to the investment date, subject to a minimum interest addition of £10.00.
Commission / 3%
Securities / Securities will be structured to provide the returns shown in the plan brochure, and purchased for each investor. These may be notes, warrants, shares or deposits depending on the nature of the investment.

Full details of the investment are set out in the Protected Oil Plan brochure, which incorporates the Terms and Conditions. All potential investors should read the literature carefully and make sure they understand how the Plan works.