SABB Capital Guaranteed Funds (SCGF) are designed to provide investors with capital security of at least 100% at maturity. SABBINVEST aim is that each SCGF reflects current market conditions and helps investors exploit the latest investment opportunities.
The NASDAQ Bonus Fund, which was offered on July 2nd, 2003 and expires on July 2nd, 2008, offered investors a minimum guaranteed return of 10% plus 100% money back at maturity (after 5 years) and the potential of higher returns linked to the performance of the Nasdaq-100.
The five-year investment term is split into 60 monthly periods. Investor starts with an initial bonus of 100% and this only reduces if the Nasdaq-100 Index falls in any of the 60 periods. If a fall occurs, then the 100% bonus reduces by the amount of the cumulative % net fall at maturity.
There is no limit to how far the index can fall in any monthly period. However, remember that this fund is designed to offer investors money back plus a minimum return of 10% at maturity regardless of Nasdaq-100 performance.
Please be aware that investors need to hold their investment in SCGF for the full five-year term. Investors are not allowed to redeem in early.
|
Issue Price |
SAR 1,000 |
|
Currency Exposure |
SAR / US Dollar |
|
Investment Term |
5 years (60 monthly periods) |
|
Fund Type |
Closed End fund |
|
Investment Strategy |
Capital protection |
|
Minimum Return |
Capital PLUS 10 % return (if units are held till maturity) |
|
Investment Date |
2 July 2003 |
|
Maturity Dte |
2 July 2008 |
