This offer is now Closed
The issuer of investments in NAB Principal Series - ASX 200 Choices (ASX 200 Choices) is National Australia Bank Limited (NAB). Terms defined in the Combined Product Disclosure Statement and Financial Services Guide dated 14 August 2009 (as supplemented by a supplementary product disclosure statement dated 18 September 2009) for ASX 200 Choices (PDS) have the same meanings on this site.
ASX 200 Choices have the following key features:
Reference Index | S & P/ASX 200 Index |
Structure | Deferred Purchase Agreement |
Delivery Asset | For each strategy, units in the ASX listed SPDR S&P/ASX 200 Fund or Shares or units in one or more of the 10 largest ASX listed entities by market capitalisation (at the date of the PDS). |
Issue Price | $1.00 for each investment in either strategy |
Minimum Investment | $10,000 for each strategy |
Early Withdrawal | Solely at NAB’s discretion. An early withdrawal fee will apply in the first two years. The NAB guarantee amount does not apply prior to the maturity date |
Pricing | Monthly performance updates will be provided, setting out NAB’s calculation of the fair economic value of each strategy at the relevant time. |
Research | Lonsec has assigned a ‘Recommended’ rating |
NAB 100% Investment Loan | Opportunity for investors to borrow up to 100% of the initial investment through the NAB Investment loan (subject to approval). Click here go through to the NAB 100% investment loan webpage |
NAB Limited Recourse Loan | Opportunity for investors to borrow up to 70% of the initial investment through the Superannuation compliant NAB Limited Recourse Loan (subject to approval). Click here to go through to the NAB limited recourse loan webpage |
Certain key information about ASX 200 Choices is outlined in this website. You must read the Combined Product Disclosure Statement and Financial Services Guide (PDS) for ASX 200 Choices in its entirety and seek advice from a licensed financial advisor before making any investment decision.
Click here to download a copy of the PDS
Investment options
Strategy A Strategy B
Investment Term | 6 years | 5 ½ years |
Distributions | Up to five annual conditional coupons of 4% of the issue price. If the level of the index on an anniversary of the issue date is more than the level of the index on the issue date then a conditional coupon will be paid. | No coupon or distribution will be paid on strategy B before its maturity. |
Growth Cap | Set on the issue date and will be no less than 80%. | There is no cap on the maximum potential capital return on strategy B at its maturity. |
NAB Guarantee Amount | The maturity amount of strategy A will be at least $1.00. | The maturity amount of strategy B will be: - $1.00 (if no trigger event happens); or
- $0.85 (if a trigger event happens).
|
Trigger Event | The trigger event does not apply to strategy A. | A trigger event happens for strategy B if, on any date during the term, the level of the index is at or below 65% of its level on its issue date (in other words if there has been a fall in the index of 35% or more since the issue date). |
Participation Rate | The participation rate for strategy A is 100%. | The participation rate for strategy B will be set by us on the issue date and it will be at least 115%. |
Starting Index Levels | The average of 13 monthly observations of the level of the index, beginning on its issue date and ending on the first anniversary of that date. | The starting index level for strategy B is the level of the index on its issue date. |
Ending index levels | The average of 13 monthly observations beginning on the date that falls one year before its maturity date and ending on its maturity date. | The average of 7 monthly observations beginning on the date that falls 6 months before its maturity date and ending on its maturity date. |
You might consider an investment in ASX 200 Choices if
you are attracted by the “Significant benefits of ASX 200 Choices”, as applicable to the relevant strategy, described in section 2 of the PDS;
you believe that now is a good time to make an investment with a return linked to the index and which provides the additional protection of a NAB guarantee amount at maturity; and
you understand and are comfortable with the risks associated with ASX 200 Choices described in the section headed “What are the risks?” in section 8 of the PDS.
The above information is general information only. It does not take into account your individual objectives, financial situation or needs.
Eligibility
Application for ASX 200 Choices is open to
Australian resident individuals
Australian trust entities, including Australian superannuation funds, and
companies registered in Australia.
How to apply
This offer has now closed.
To download a copy of the PDS, click here
Further Information
You must read the PDS (including the Financial Services Guide) in connection with the National Australia Bank privacy policy.
Important Information
The information contained in this website is published by National Australia Bank Limited ABN
12 004 044 937 (NAB). The NAB can be contacted by calling telephone banking on 13 10 12.
Offers of NAB Principal Series - ASX 200 Choices (ASX 200 Choices) will be made in the Combined Product Disclosure Statement and Financial Services Guide (PDS) for the offer issued by the NAB and dated 14 August 2009. ASX 200 Choices will only be able to be acquired on the application form attached to the PDS.
The information contained in this website is of a general nature only. The information contained in this website has been prepared for the purpose of providing general information only without taking account of any particular investor's objectives, financial situation or needs and is not an offer to sell, or solicitation of an offer or a recommendation to buy any financial product and is not intended to be a complete summary or statement of the ASX 200 Choices. The information contained in this website is not a product disclosure statement and it does not contain all of the information that such a product disclosure statement is required to contain. Accordingly, any offer of interests received in Australia in connection with the information contained in this website is void. An investor must, before making any investment decisions, consider the full details set out in the PDS and seek professional advice, having regard to the investor's objectives, financial situation and needs.
The NAB acts as the both the issuer and a distributor of the ASX 200 Choices. If you acquire interests in ASX 200 Choices, the NAB or any of its related bodies corporate (NAB Group) may receive remuneration or other benefits in relation to that product, including withdrawal, ongoing guarantee and management fees and any other fee specified in the PDS.
An investment in ASX 200 Choices is not a deposit with the NAB or any other company in the NAB Group. It is a liability of the NAB on the terms set out in the investment conditions contained in the PDS and is subject to investment risk including possible delays in repayment and loss of income or principal invested. Neither the NAB nor or any other company in the NAB Group guarantees the performance of ASX 200 Choices or any particular rate of return.
NAB voluntarily subscribes to the Code of Banking Practice which lays down standards of good banking practice for dealing with small businesses and individuals. A copy of the Code can be obtained by calling 13 10 12.