Launch Series 4
Sequoia Launch is the latest innovation from Sequoia Specialist Investments.
Launch Series 4 has matured on 30 June 2017. The investment will pay a Final Coupon of 23.63% to investors.
Launch Series 4 provides investors with exposure the US share market as measured by the S&P500 Price Return Index with hedged exposure to currency movements (the “Reference Asset“)
The investment is a significant leap forward in leveraged investments, as it provides uncapped performance potential to your choice of Reference Asset, the benefit of a 100% Limited Recourse Loan with Prepaid Interest for the 3 year Investment Term of $0.162 (5.40% p.a. per Unit), Currency Hedging (Series 4) for 0.50%p.a and additionally, provided that the Reference Asset at maturity is higher than it was at the beginning of the investment, investors will receive at least their Interest (16.2%) back via a Final Coupon.
Sequoia Launch Units Work Like This:
If the Reference Asset Ending Level is above the Reference Asset Starting Level, the Final Coupon per Unit will be $1.00 multiplied by the greater of:
- 16.2%; and
- the performance of the Reference Asset during the Investment Term.
The payment of the Final Value and the Final Coupon at Maturity is summarised in the diagram below:
30 June 2014
Reference Asset Starting Level
Launch Series 4 (S&P500) Performance
|Date||Reference Asset Level||Indicative Unit Value*||Gross Performance|
|30-Jun-2017||2423.41||$1.2362889 (matured)||23.62889% (Final Coupon)|
* Unit Value: Investors please note this is not an unwind price. This investment is designed to be held to maturity. It has been provided as a guide of approximate value for reporting purposes. Any investors seeking to redeem prior to maturity may recieve an amount significantly different to the Indicative Unit Value stated..