Funds are placed in a 5 year, 1 month deposit account at Bank of Ireland (the “Bank”), which assures investors of 100% Capital Security provided by Bank of Ireland. For the Income Option, the deposit interest earned will be paid out within 3 working days of the 8th of June each year. The rate of interest applicable is 4.75% gross (4.68% AER), and is fixed for the 5 year, 1 month term.
For the Savings Option the deposit interest earned will be paid out within 3 working days of 8th July 2017. The rate of interest applicable is 25% gross (4.49% AER) and is fixed for the 5 year, 1 month term. . Investors will receive a further 0.5% gross deposit interest at maturity if the closing level of the Euro Stoxx 50 index is higher at the maturity date of 8th July 2017 than at the deposit start date of 8th June 2012.
CLOSING DATE 30TH MAY 2012