Type B 100% Capital Protected 8. Sub-Fund linked to ING Bank A.Ş. Capital Protected Umbrella Fund
Demand Collection Period:
May 21-24, 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 the average increase in the Gold (USD/Ounce) and Brent Crude Oil (USD/Barrel) prices, in proportion with the participation.
100 % (Valid at maturity and within the scope of the best effort principle.)
Fund Investment Period:
25/05/2012 - 15/05/2013 (356 days)
Underlying Index for fund's return:
In the calculation of the Gold (USD/Ounce) and Brent Crude Oil (USD/Barrel) prices, the Gold USD/Ounce price fixing announced on Bloomberg GOLDLNPM page in the afternoon (approximately 15:00 London time). As the Brent Crude Oil price, the closing USD/Barrel price of the most nearby options contracts announced at ICE Futures Europe will be taken into account. This price is announced on Bloomberg CO1 <CMDTY> page.
Investment objective of the fund:
Our fund, while offering protection for your capital at maturity within the "best effort principle", in the case that the Gold (USD/Ounce) and Brent Crude Oil (USD/Barrel) prices increase at maturity, it will also offer a return to the investors based on the equally weighted averages of the two rates, in proportion with the participation.
Throughout the investment period, if the price level of either asset reaches or exceeds 130%, the barrier level of the starting value, on any of the observation dates including the maturity date, the rate of return of the underlying asset that will be used in the basket will be equal to the coupon rate without taking into consideration the price level of the underlying asset at maturity. Based on the current market conditions, it is anticipated that the coupon rate will be 15%. This rate will be finalized and announced after the public offering period.
Fixed rate of return that will be used as basis at maturity when the 30% rate of return is reached throughout the term:
Based on the current market conditions, it is anticipated that the Participation Rate will be 100% and the Fixed Rate of Return will be 15%. These rates will be finalized and announced after the public offering period.
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.)
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 American citizens, and other nationals who reside or who are physically present in the USA.