IEA – Roll Down – Series 1

The JBG Income and Equity Accelerator – Series 1 Roll Down has matured on 15 Oct 2015.
It has delivered total returns to investors of approximately 21.48%* during the Investment Term.

*(comprised of the Final Value and Performance Coupons and reduced by the Performance Fees payable to the Lead Adviser)

The JBG Income and Equity Accelerator Units Series 1 Roll-Down (“Units”) is a three year investment that aims to provide investors with the potential to benefit from the growth an underlying index, the S&P/ASX 200 Price Return Index (“Reference Asset”).

The issue of Units in Series 1 Roll-Down is designed to coincide with the maturity of the JB Global Income & Equity Accelerator – Series 1(“ IEA Series 1”) Units and allow Investors to maintain exposure to the S&P/ASX 200 Price Return Index, provided that they pay the Prepaid Interest and Application Fee for the Investment Term.

The Issue Price of Series 1 Roll-Down is $0.85 per Unit, which means Investors will have an increased number of Units (relative to their holding in IEA Series 1) yet maintain the same exposure to the Reference Asset and the same Loan Amount.

Features Include:

  • Potential for returns at Maturity which are determined by reference to the volatility of and exposure to the S&P/ASX200 Price Return Index 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 S&P/ASX200 Price Return Index **, 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)Downloads

Downloads

Investor Notices

Initial Strategy Value

Date

15 October 2012

Initial Strategy Value

100

Final Strategy Value

Final Averaging Date

Final Averaging Date 1

Final Averaging Date 2

Final Averaging Date 3

Average Final Level

Initial Strategy Value

14 August 2015

15 September 2015

15 October 2015

.

Strategy Value

116.70

110.60

112.949

113.416

Performance Coupons & Final Value

15 October 2013

15 October 2014

15 October 2015

$0.0918 per Unit (10.8%)^

$0.0297585 per Unit (3.501%)^

$0.85 per Unit

^net of performance fees

Series 1 - Roll Down Performance

DateIndicative Strategy Value Indicative Unit Value* Gross Performance
30-Nov-1299.6$0.8500-0.40%
31-Dec-12106.03$0.91597.75%
1-Feb-13113.0423$0.960913.05%
1-Mar-13120.78$1.026720.79%
28-Mar-13116.5384$0.990616.54%
30-Apr-13121.9048$1.036221.91%
31-May-13115.293$0.980015.29%
28-Jun-13112.12$0.953012.12%
31-Jul-13116.755$0.992416.75%
30-Aug-13117.566$0.999317.56%
30-Sep-13122.794$1.043722.79%
Gross Coupon. 12% Gross
31-Oct-13126.35$0.972026.35%
30-Nov-13122.406$0.938422.40%
31-Dec-13122.952$0.943122.95%
31-Jan-14117.47$0.896517.47%
28-Feb-14123.232$0.945523.24%
31-Mar-14121.799$0.933321.80%
30-Apr-14125.052$0.960925.05%
30-Jun-14123.44$0.947223.44%
31-Jul-14129.26$0.996729.26%
31-Aug-14129.17$0.995929.17%
30-Sep-14117.73$0.898717.73%
Gross Coupon. 3.89% Gross
28-Nov-2014116.60$0.856016.60%
31-Dec-14119.78$0.883019.78%
30-Jan-15123.45$0.914223.45%
27-Feb-15131.11$0.979331.11%
31-Mar-15128.227$0.954828.23%
30-Apr-15127.00$0.944427.00%
29-May-15126.203$0.937626.20%
30-Jun-15109.80$0.8509.80%
31-Aug-15113.50$0.8513.50%
30-Sep-15112.30$0.8512.30%
15-Oct-15MaturedMaturedMatured

* Unit Value: Investors please note 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.