Gold Series 28

The JBG Income and Equity Accelerator – Series 28 has matured on 5 April 2016, with a Final Value of $1.00 per Unit.

The JBG Income and Equity Accelerator Units Series 28 (“Units“) is a three year investments that aim to provide investors with the potential to benefit from the growth of gold as measured by the SPDR Gold Trust (“Reference Asset”).

Features Include:

  • Potential for returns at Maturity which are determined by reference to the SPDR Gold Trust (Series 28) 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, Currency Hedging Fees (Series 28 only) 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% exposure to the SPDR Gold Trust, 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).
  • For Series 28, the investment is hedged against any currency movements. Currency hedging fees are prepaid for the full term of the investment. Currency Hedging Fees are 1.00% p.a (3.00% 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, Currency Hedging Fees (Series 28 only) & 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, Currency Hedging Fees (Series 28 only) and the Application Fee.
  • Capital Protection only applies to the Issue Price at Maturity. Investors may lose their Prepaid Interest, Currency Hedging Fees (Series 28 only) 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, Currency Hedging Fees (Series 28 only) and Application Fees applicable to the Investment.

Initial Strategy Value

Date

5 April 2013

6 May 2013

5 June 2013

Intitial Average Strategy Value

Strategy Value

100.00

88.810

86.281

91.6971

Final Strategy Value

Date

5 February 2016

4 March 2016

5 April 2016

Final Average Strategy Value

Strategy Value

68.905

73.429

71.941

71.4253

Performance Coupons

Date

5 May 2014

5 May 2015

5 April 2016

Value

$0.00 per Unit (0.00%)^

$0.00 per Unit (0.00%)^

$1.00 per Unit

^Net of Performance Fees

Series 28 Performance

DateIndicative Strategy Value Indicative Unit Value* Gross Performance
28-Jun-1380.67$1.0000-12.03%
31-Jul-1383.97$1.0000 -8.43%
30-Aug-13 89.31$1.0000-2.60%
30-Sep-1384.05$1.0000-8.34%
31-Oct-1383.79$1.0000-8.62%
29-Nov-1380.3$1.0000-12.43%
31-Dec-13 77.72$1.0000-15.24%
31-Jan-1479.92$1.0000-12.84%
28-Feb-1484.25$1.0000-8.12%
31-Mar-1481.46 $1.0000-11.16%
30-Apr-1481.75 $1.0000-10.85%
Coupon Paid. $0.00 per Unit Gross
30-May-1478.72$1.0000-14.15%
30-Jun-1485.37$1.0000-6.90%
31-Jul-1481.430$1.0000-11.20%
31-Aug-1481.70$1.0000-10.90%
30-Sep-1473.60$1.0000-19.74%
31-Oct-1476.30 $1.0000 -16.79%
28-Nov-1470.90 $1.0000-22.68%
31-Dec-1471.90$1.0000-21.59%
30-Jan-1576.40$1.0000-16.68%
27-Feb-1573.10$1.0000-20.28%
31-Mar-1571.60 $1.0000-21.92%
30-Apr-1571.30$1.000 -22.24%
Coupon Paid. $0.00 per Unit Gross
29-May-1571.60$1.0000 -21.92%
30-June-201570.30$1.0000-23.33%
31-Jul-1564.40$1.0000-29.77%
31-Aug-1566.60$1.0000-27.37%
30-Sep-2015 66.20$1.000 -27.81%
31-Oct-1567.80$1.000 -26.06%
30-Nov-15 62.60 $1.000-31.73%
31-Dec-2015 62.20 $1.000 -32.17%
29-Jan-201665.60 $1.000-28.46%
29-Feb-201672.50$1.000-20.94%
5-Apr-2016MaturedMaturedMatured

* 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.