This offer has now closed.
The issuer of investments in NAB Principal Series - ASX 200 Focus (ASX 200 Focus) is National Australia Bank Limited (NAB).
Terms defined in the combined Product Disclosure Statement and Financial Services Guide (PDS) dated 16 April 2010 issued by NAB for ASX 200 Focus have the same meanings on this site.
ASX 200 Focus has the following key features:
Reference Index | S & P/ASX 200 Index |
Structure | Deferred Purchase Agreement |
Delivery Asset | At maturity, each strategy will deliver selected shares or units with a value approximately equal to the value of your investment at its maturity. Alternatively you may elect to receive cash proceeds of the sale of those shares or units. |
Issue Price | $1.00 for each investment in either strategy. |
Minimum Investment | The application amount is $10,000 for each strategy (with minimum additional application amounts of $1,000 per 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 | Performance updates will be provided every month, setting out our 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 80% for Strategy A and 75% for Strategy B 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 Focus is outlined in this website. You must read the Combined Product Disclosure Statement and Financial Services Guide (PDS) for ASX 200 Focus 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 | 3 years | 4 years |
Distributions | Strategy A may pay up to two annual conditional coupons of 3% of the issue price. If the level of the index on an anniversary of the issue date for the first two years is more than the level of the index on the issue date, then a conditional coupon will be paid. | Strategy B may pay up to three annual conditional coupons of 4% of the issue price. If the level of the index on an anniversary of the issue date for the first three years is more than the level of the index on the issue date, then a conditional coupon will be paid. |
Growth Cap | The maximum capital return on strategy A at its maturity is calculated by reference to the index cap. The index cap will be no less than 40%. | The maximum capital return on strategy B at its maturity is calculated by reference to the index cap. The index cap will be no less than 90%. |
NAB Guarantee Amount | The maturity amount of each investment in either strategy will be at least $1.00. In other words, the NAB guarantee amount is $1.00, for each investment in either strategy. | · The maturity amount of each investment in either strategy will be at least $1.00. In other words, the NAB guarantee amount is $1.00, for each investment in either strategy. |
Performance Hurdle | The capital return on strategy A at its maturity will be subject to a performance hurdle of 6%. This means that the index must increase by more than 6% over the term of your investment in strategy A for your return at maturity to be greater than $1.00 per investment. | The capital return on strategy B at its maturity will be subject to a performance hurdle of 12%. This means that the index must increase by more than 12% over the term of your investment in strategy B for your return at maturity to be greater than $1.00 per investment. |
Maximum Capital Return | The maximum capital return for strategy A will equal the index cap minus the hurdle rate. The maximum capital return for strategy A will be no less than 34%. | The maximum capital return for strategy B will equal the index cap minus the hurdle rate. The maximum capital return for strategy B will be no less than 78%. |
Starting Index Levels | The starting index level for strategy A is the level of the index on its issue date. | The starting index level for strategy B is the level of the index on its issue date. |
Ending index levels | The ending index level for strategy A is the level of the index on its maturity date. | The ending index level for strategy B is the level of the index on its maturity date. |
You might consider an investment in ASX 200 Focus if:
- you are comfortable with a performance hurdle and a maximum capital return limiting your potential capital return at maturity;
- you are attracted by the “Significant benefits of ASX 200 Focus”, as applicable to the relevant strategy, described above;
- 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 the NAB guarantee amount at maturity;
- you understand and are comfortable with the risks associated with ASX 200 Focus described in section 8 of the PDS, headed “What are the risks?”;
- you want the capital protection at maturity to be 100% of the issue price of each investment; and
- you want a possibility of conditional coupons during the term.
The above information is general information only. It does not take into account your individual objectives, financial situation or needs. You should obtain your own professional legal, financial and tax advice before making any investment decisions regarding ASX 200 Focus.
How many investments will I receive?
The number of investments you will receive for a strategy will be determined by NAB on the issue date as follows:
- your application amount minus the adviser deduction (if any) that is included in your application form;
- divided by
- the issue price ($1.00).
Only a whole number of investments will be issued.
The NAB guarantee amount applies to your application amount, and number of investments, after any applicable adviser deduction has been deducted in accordance with your application form.
What are the terms of my investments?
NAB issues the investments in ASX 200 Focus on the terms set out in the investment conditions in section 12 titled “Investment Conditions” of the PDS. You should ensure that you read and understand the investment conditions. Signing and lodging an application form will bind you to the investment conditions if we accept your application.
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 Focus (ASX 200 Focus) will be made in the Combined Product Disclosure Statement and Financial Services Guide (PDS) for the offer issued by the NAB and dated 19 April 2010. ASX 200 Focus 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 Focus. 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.
NAB acts as both the issuer and a distributor of ASX 200 Focus. If you acquire interests in ASX 200 Focus, 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 Focus 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 Focus 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.
S&P/ASX 200 Index Disclaimer
Standard & Poor’s Financial Services LLC has granted NAB a licence to reference the index for the purposes of ASX 200 Focus. The terms of NAB’s licence require us to include the following disclaimer in these materials. Please read this disclaimer carefully before investing.
Investments in ASX 200 Focus are not sponsored, endorsed, sold or promoted by Standard & Poor’s (“S&P”) or its third party licensors. Neither S&P nor its third party licensors makes any representation or warranty, express or implied, to the owners of investments in ASX 200 Focus or any member of the public regarding the advisability of investing in securities generally or in investments in ASX 200 Focus particularly or the ability of the index to track general stock market performance. S&P’s and its third party licensor’s only relationship to NAB is the licensing of certain trademarks and trade names of S&P and the third party licensors and of the index which is determined, composed and calculated by S&P or its third party licensors without regard to NAB or investments in ASX 200 Focus. S&P and its third party licensors have no obligation to take the needs of NAB or the owners of investments in ASX 200 Focus into consideration in determining, composing or calculating the index
Neither S&P nor its third party licensors is responsible for and has not participated in the determination of the prices and amount of investments in ASX 200 Focus or the timing of the issuance or sale of investments in ASX 200 Focus or in the determination or calculation of the equation by which investments in ASX 200 Focus are to be converted into delivery assets. S&P has no obligation or liability in connection with the administration, marketing or trading of investments in ASX 200 Focus.
NEITHER S&P, ITS AFFILIATES NOR THEIR THIRD PARTY LICENSORS GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN OR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY LICENSORS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE MARKS, THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.
“Standard & Poor’s” and “S&P” are trademarks of Standard & Poor’s and have been licensed for use by NAB. “ASX” is a trademark of ASX Operations Pty Limited and has been licensed for use by S&P. ASX 200 Focus is not sponsored, endorsed, sold or promoted by Standard & Poor’s or ASX Operations Pty Limited and neither Standard & Poor’s nor ASX Operations Pty Limited make any representation regarding the advisability of investing in ASX 200 Focus.
Appendix A: “hard copy” PDS request page
Appendix B: “soft copy” PDS download page