Type B 100% Capital Protected 7. Sub-Fund linked to ING Bank A.Ş. Capital Protected Umbrella Fund
Demand Collection Period:
April 02-10, 2012
ING Bank A.Ş.
ING Asset Management A.Ş.
Investment Instruments that the Fund invests in:
Treasury Bills/Government Bonds/Reverse Repo and Over-the-counter Options Contracts (Options contract which will generate a return in relation to a potential increase in the BNPIOSCD - BNP PARIBAS Oscillator DR Commodities Index, in proportion with the participation.)
100 % (Valid at maturity and within the scope of the best effort principle.)
Fund Investment Period:
11/04/2012 - 15/05/2012 (Fund's value date is T+1 business day at the end of the period)
Underlying Index for fund's return:
BNPIOSCD - BNP PARIBAS Oscillator DR Commodities Index (BNPIOSCD is a commodities index that invests in 19 commodities based on the momentum strategy. The momentum strategy takes into account the short-term past performance of each commodity to determine the weights of the commodities in the index.)
Investment objective of the fund:
Our fund, while offering protection for your capital at maturity within the best effort principle, it will also offer a return in relation to the value change of the BNPIOSCD - BNP PARIBAS Oscillator DR Commodities Index at the end and the beginning of the term, in proportion with the participation.
Throughout the investment period, observations will be conducted for 12 times at 1-month intervals. In these observations, by calculating the percentage change between the index starting value and the index closing value on the day of the observation, a check will be performed to see whether or not the 8% fixed return requirement is met. During any observation period, if the 8% fixed return requirement is met, by comparing this rate with the index rate of return at maturity, the investor will be paid at least the fixed rate of return.
May 08 2012, June 11 2012, July 12 2012, August 10 2012, September 05 2012, October 09 2012, November 07 2012, December 05 2012, January 08 2012, February 06 2012, March 11 2012, April 15 2012.
Based on the current market conditions, it is anticipated that the participation rate will be 80%. These rates will be finalized and announced after the public offering period. In the assessment of the index closing value at maturity, the arithmetic average of the closing values on (03/05/2013-10/05/2013-13/05/2013) will be taken into account.
Multiples of shares:
10.000 shares and multiples.
Fund management fee:
Fund share price declaration periods:
Twice per month (1. and 15. business day of every month. In the determination of the business days, the days that İstanbul and London money markets are open will be taken into consideration together.)
Fund purchase period for investors:
Only during the demand collection periods. The amounts collected against the purchase orders placed by the investors until 13:00 during the demand collection period accrue interest with O/N Repo.
Fund sales period for investors:
Sales orders for the sub fund can be placed on every business day as of the starting date of the investment period of the sub fund. However, these orders will be executed at the first share price that follows the entry of the order. The orders placed until 13:00, 1 day before (T-1), the day that the price will be announced (T), will be executed at the price announced on day (T).
The sales orders placed after 13:00, 1 day before (T-1), the day that the price will be announced (T), are held until the next price announcement day.
Upon the submission of the orders by the investors in accordance with the principles above, the sales amounts are paid to the investors within 3 (three) business days (T+3), after the announcement of the price at which the order will be executed. In the case that a profit is generated, required taxes will be collected from the investment accounts.
The balance that will be transferred to the investor's account is calculated by subtracting the early exit fee.
For fund sales performed before maturity, capital protection is not in effect.
Early Exit Fee:
In the case that the participation shares are sold by the investors within the investment period, a 2% early exit fee is charged. The aforesaid fees are recorded as revenue for the sub fund on the day they are collected. The fee rate that will be calculated over the sub fund share price is 2% (two percent.)
In the case that a revenue is generated, a 10% withholding tax will be deducted from the revenue.
ING Bank A.Ş. branches
*Before investing in the fund, the investors should take into consideration the matters explained in the prospectus and internal regulations of the fund. You can access the prospectus, circular and internal regulations of the funds through ING Bank branches, ING Asset Management, www.ingbank.com.tr and Public Disclosure Form.
**Investment products cannot be sold to "American Persons" by our Bank. American Persons include persons, themselves or their proxies, who define themselves as a resident real person in the USA or persons who are a member of a definable group (e.g. US Army or Consulate personnel) consisting of American citizens outside of the USA, and who use their contact information in the USA for transactions such as account opening or verification transaction.