ASX200 Series 27

The JBG Income and Equity Accelerator – Series 27 has matured on 5 April 2016, with a Final Value of $1.00 per Unit.

The JBG Income and Equity Accelerator Units Series 27 (“Units“) are three year investments that aim to provide investors with the potential to benefit from the growth of the Australian share market as measured by the S&P/ASX 200 Price Return Index  (“Reference Asset”).

Features Include:

  • Potential for returns at Maturity which are determined by reference to the S&P/ASX 200 Price Return Index (Series 27) over the Investment Term, including the potential for enhanced returns from an increased exposure to the Reference Asset during times of low volatility of the Reference Asset.
  • An investment term of approximately 3 years.
  • Capital Protection of the Investment Amount at Maturity (note that Capital Protection does not apply to Prepaid Interest or the Application Fee and will not apply during an Issuer Buy-back or Early Maturity).
  • Compliant for self-managed superannuation funds (“SMSFs”).
  • A variable Participation Rate, with the potential for a maximum of 150% S&P/ASX200 Price Return Index, depending on the volatility. The minimum Participation Rate is 0% which means Investors have no exposure to the Reference Asset.
  • Contingent Coupons of up to 10.8% p.a. of the Issue Price per Unit paid at the end of each of the first 2 years of the Investment Term, depending on the performance and volatility of the Reference Asset** and the Participation Rate.
  • A compulsory Limited Recourse Loan for 100% of the Investment Amount. Interest is prepaid for the full term of the investment. The Interest Rate is 4.95% p.a (14.85% for the full term).

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Key Risks

  • There is no guarantee that the Units will generate returns in excess of the Prepaid Interest & Application Fees paid. Additionally, in the event of an Investor requested Issuer Buy-Back, Early Maturity Event or if you elect to repay your Loan before the Maturity Date, you will not receive a refund on Prepaid Interest and the Application Fee.
  • Capital Protection only applies to the Issue Price at Maturity. Investors may lose their Prepaid Interest and Application Fees if the Units do not generate a return.
  • There may be no Coupons where the Strategy Value has remained constant or declined over the relevant period. The Coupons are capped at 10.8% of the Issue Price (i.e. $0.108 per Unit).
  • The Participation Rates as at the date of the PDS for both Series was 150.00%. The minimum Participation Rate is 0% which means investors have no exposure to the relevant Reference Asset.
  • Your return is affected by the performance of the Reference Asset. There is no guarantee that the Reference Asset will perform well.
  • 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 Interest and Application Fees applicable to the Investment.

Initial Strategy Value

Date

15 April 2013

6 May 2013

5 June 2013

Intitial Average Strategy Value

Strategy Value

100.00

105.742

98.539

101.4271

Performance Coupons

Date

5 May 2014

5 May 2015

5 April 2016

Value

$0.06075^ per Unit (6.075%)

$0.02403^ per Unit (2.403%)

$1.00 per Unit

^Net of Performance Fees.

Series 27 Performance

DateIndicative Strategy Value Indicative Unit Value* Gross Performance
28-Jun-1397.73$1.0000-3.65%
31-Jul-13101.99$1.00550.55%
30-Aug-13103.39$1.01941.94%
30-Sep-13104.58$1.03113.11%
31-Oct-13110.05 $1.08508.50%
29-Nov-13106.74$1.05245.24%
31-Dec-13107.1 $1.0559 5.59%
31-Jan-14102.47$1.0103 1.03%
28-Feb-14 107.26 $1.0575 5.75%
31-Mar-14106.85$1.05355.35%
30-Apr-14109.03$1.07507.50%
Coupon Paid. $0.075 per Unit Gross
30-May-14109.06$1.00037.53%
30-Jun-14106.05$1.0000 4.55%
31-Jul-14112.87$1.0378 11.28%
31-Aug-14112.50$1.034210.92%
30-Sep-1498.60$1.0000-2.79%
31-Oct-14107.90$1.0000 6.38%
28-Nov-14102.30$1.0000 0.86%
31-Dec-14104.10 $1.00002.64%
30-Jan-15107.40$1.00005.89%
27-Feb-15113.40$1.04311.80%
31-Mar-15112.40$1.0332 10.82%
30-Apr-15110.20$1.0008.65%
Coupon Paid. $0.02403 per Unit Gross
29-May-15109.70$1.00008.16%
30-Jun-15103.20$1.00001.75%
31-Jul-15107.20$1.0000 5.69%
31-Aug-1598.30$1.000-3.08%
30-Sep-201596.00$1.000-5.35%
31-Oct-15 98.50$1.000-2.89%
30-Nov-1597.70$1.000 -3.67%
31-Dec-201599.90$1.000 -1.51%
29-Jan-201694.80 $1.000 -6.53%
29-Feb-2016 92.80 $1.000 -8.51%
5-April- 2016MaturedMaturedMatured

* Unit Value: Investors please not this is a theoretical investment maturity value. This investment is designed to be held to maturity. Any investors seeking to redeem prior to maturity may recieve an amount significantly different to the Indicative Unit Value stated.