DispersionSeries 4

Dispersion Series 4

The Units in Global Dispersion – Series 4 offer investors the ability to gain exposure to the Dispersion of a Reference Basket of listed Global Shares (each an “Underlying”) during the period from the Commencement Date to the Maturity Date (being a period of approximately 2 years) based on the full leveraged Investment Amount. Investment in the Units is by way of a 100% LVR limited recourse loan, with Investors only being required to pay an Application Fee and Prepaid Interest following a successful application for Units.

Global Dispersion – Series 4 Performance

DateReference asset (Realized dispersion)Indicative Unit value 1Gross Performance 2**
31-Jul-20207.97%$1.000%
31-Aug-202011.49%$1.000%
30-Sep-202013.84%$1.000%
30-Oct-202014.34%$1.000%
30-Nov-202014.29%$1.000%
30-Dec-202017.18%$1.000%
29-Jan-202118.12%$1.000%
25-Feb-202120.62%$1.000%
31-Mar-202118.94%$1.000%
30-Apr-202118.52%$1.000%
28-May-202120.94%$1.000%
30-Jun-202123.39%$1.050%
30-Jul-202127.35%$1.060%
31-Aug-202124.99%$1.0540%
30-Sep-202125.65%$1.0450%
29-Oct-202125.95%$1.0830.00%
30-Nov-202140.00%$1.14312.00%
31-Dec-202138.80%$1.12510.80%
31-Jan-202229.80%$1.0611.80%
28-Feb-202230.90%$1.0522.90%
31-Mar-202232.50%$1.0604.50%
30-Apr-202228.66%$1.0340.66%
31-May-202228.18%$1.0140.18%

* This represents an indicative level for unwinding your investment on the reporting date and is an indication of the market value of the investment.

** The Gross Performance refers to the performance of either the underlying Reference Asset or Strategy Value as at the end of the relevant month, whichever is applicable depending on the terms of the Termsheet PDS.

The Units provide investors with a potential uncapped Performance Coupon at Maturity based on the full leveraged investment amount depending on the performance of Dispersion of the Reference Basket during the Investment Term provided the realised level of Dispersion at Maturity is greater than the Hurdle. The Performance Coupon is also adjusted for changes in the AUD/USD exchange rate during the Investment Term.

Reference Basket



*Subject to change depending on the Hurdle Rate on the Commencement Date.

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Downloads

 

To find out more, and to download a copy of the Term sheet PDS and Master PDS, please click on the links below

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Key risks include:

  • Your return (including any Performance Coupon) is affected by the performance of the Dispersion of the Reference Basket (globally listed Shares) and whether this is greater than the Hurdle at Maturity. There is no guarantee that the Dispersion of the Reference Basket will perform well.
  • There will be no Performance Coupon payable if the Dispersion of the Reference Basket is below the Hurdle at Maturity.
  • The potential Performance Coupon is determined by reference to the Dispersion of the Reference Basket, the Hurdle as well as changes in the AUD/ USD exchange rate. An increase in the AUD/USD exchange rate between
the Commencement Date and the Maturity Date will reduce the Performance Coupon whilst a decrease in the AUD/USD rate between the relevant dates will lead to an increase in the Performance Coupon;
  • There is no guarantee that the Units will generate returns in excess of the Prepaid Interest and Fees, during the Investment Term. Additionally, in the event of an Investor requested Issuer Buy-Back or an Early Maturity Event you will not receive a refund of your Prepaid Interest or Fees.
  • Gains (and losses) may be magnified by the use of a 100% Loan. However, note that the Loan is a limited recourse Loan, so you will never be required to pay more than the Prepaid Interest Amount and Fees at Commencement.
  • Investors are subject to counterparty credit risk with respect to the Issuer and the Hedge Counterparty; and
  • the Units may mature early following an Early Maturity Event, including an Adjustment Event, Market Disruption Event or if the Issuer accepts your request for an Issuer Buy-Back. 
Please refer to Section 2 “Risks” of the Master PDS for more information.

 

For more information, please contact Sequoia at:
invest@sequoia.com.au and 02 8114 2222.

 

Units in Global Dispersion – Series 4 are issued by Sequoia Specialist Investments Pty Ltd (ACN 145 459 936 ) (the “Issuer”) and arranged by Sequoia Asset Management Pty Ltd (ACN 135 907 550, AFSL 341506)(the “Arranger”). Investments in the Sequoia  Dispersion – Series 4 can only be made by completing an Application Form attached to the Term Sheet PDS, after reading the Term Sheet PDS dated 19 May 2020 and the Master PDS dated 14 August 2017 and submitting it to Sequoia A copy of the PDS can be obtained by contacting Sequoia Asset Management on or contacting your financial adviser. You should consider the Term Sheet & Master PDS’ before deciding whether to invest in Units in Global Dispersion – Series 4.  Capitalised terms on the webpage have the meaning given to them in Section 10 “Definitions” of the Master PDS

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