Reliance Money is launching its second Structure Product
Structur Product Details
Minimum Amount : Rs 5 Lacs
Tenor : 26 months
Final Valuation : 24 months
Start date : 18th August 2008
Closing Date : 2nd September 2008
Redemption at maturity : 100% of Principal + Coupon
Coupon is : IfKnock Out barrier hits, thenCoupon = 23% (flat) elseCoupon = 17%(flat)+ PR * Performance
Contingent Coupon Condition : If Nifty at the end of 24 months <= 60% of initial value, then Coupon = NILbut principal is guaranteed
Performance : Max [0, (Final – Initial) / Initial] e.g. If Nifty is 100 and moves upto 150 then Performance is (150-100)/100 = 50%, which means performance cannot be negative
Final Nifty levels : Average of Nifty of [22, 23, 24] months,
KO Barrier : 150% of Initial, observed on monthly closing levels of Index, (which means if Nifty hits 150% upward barrier, then the structure gets locked in at 23% )
PR : 50%
Debenture Issuer : DSP Merrill Lynch
Rating : AA+
Guaranteed by : Merrill Lynch
Fee Schedule:
Reliance Money Structured Product
Tenure 26 months
Minimum Investment Value Rs 5 lacs
Upfront Charges 4%
• Pricing is excluding other charges like Custody Charges, Audit Fees etc. which will be charged annually on as is basis.
Subscription:
Subscription through cheque drawn in favour of Reliance Securities Ltd.
Last date for subscription: 2nd September 2008
The above is indicative and the exact terms and conditions and fees shall apply as
incorporated in PMS agreement executed with the individual clients under SEBI (Portfolio
Manager’s) regulation 1993 as may be amended from time to time.
Tenor : 26 months
Final Valuation : 24 months
Start date : 18th August 2008
Closing Date : 2nd September 2008
Redemption at maturity : 100% of Principal + Coupon
Coupon is : IfKnock Out barrier hits, thenCoupon = 23% (flat) elseCoupon = 17%(flat)+ PR * Performance
Contingent Coupon Condition : If Nifty at the end of 24 months <= 60% of initial value, then Coupon = NILbut principal is guaranteed
Performance : Max [0, (Final – Initial) / Initial] e.g. If Nifty is 100 and moves upto 150 then Performance is (150-100)/100 = 50%, which means performance cannot be negative
Final Nifty levels : Average of Nifty of [22, 23, 24] months,
KO Barrier : 150% of Initial, observed on monthly closing levels of Index, (which means if Nifty hits 150% upward barrier, then the structure gets locked in at 23% )
PR : 50%
Debenture Issuer : DSP Merrill Lynch
Rating : AA+
Guaranteed by : Merrill Lynch
Fee Schedule:
Reliance Money Structured Product
Tenure 26 months
Minimum Investment Value Rs 5 lacs
Upfront Charges 4%
• Pricing is excluding other charges like Custody Charges, Audit Fees etc. which will be charged annually on as is basis.
Subscription:
Subscription through cheque drawn in favour of Reliance Securities Ltd.
Last date for subscription: 2nd September 2008
The above is indicative and the exact terms and conditions and fees shall apply as
incorporated in PMS agreement executed with the individual clients under SEBI (Portfolio
Manager’s) regulation 1993 as may be amended from time to time.
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Mutual Fund
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