Man IP 220 Series 4 Ltd ("Series 4") is the first product offered by Man to guarantee investors the return of at least 120% of their initial investment at maturity. This enhanced level of principal protection will take the form of Capital Guarantees provided by Lloyds TSB Bank plc. Series 4, which will be available in both US$-Class and Euro-Class Bonds, targets medium-term annualised growth of around 17-18%1 for each Class of Bond while aiming to restrict volatility to around 14-15%1.
The Man IP 220 concept has proved to be one of Man's most successful product structures. The original Man IP 220 product has achieved an annualised net return of 18.8% since inception in December 19962. Like its predecessors, Series 4 provides investors with access to two of Man's most successful investment approaches, the Man-AHL Diversified Programme and the Man-Glenwood Portfolio. What distinguishes Series 4 from the previous Man-IP 220 products is a unique principal protection arrangement. Series 4 will be the first product launched by Man to offer investors the return of at least 120% of their initial investment upon maturity - 30 November 2013 in respect of the US$-Class Bonds and 30 November 2014 in respect of the Euro-Class Bonds - subject to the terms and conditions of the Guarantees.
Series 4 is also the first product in the original Man IP 220 family to include provisions for a profit lock-in feature. This allows for the 'locking-in' of a portion of net new trading profits following periods of sustained profitability for Series 4, potentially elevating the guarantee levels at maturity. The operation of this feature is subject to the discretion of the investment manager and the prior approval of Lloyds TSB Bank plc3.
The Guarantor, Lloyds TSB Bank plc, is the only major shareholder owned bank in the world with a 'triple A' rating. It is part of Lloyds TSB Group plc, a leading UK based financial services group which offers a comprehensive range of banking and financial services in the UK and overseas. With over 81,000 employees worldwide, the Group has a substantial network covering the Americas, New Zealand and Europe with over 2,300 branches across the UK offering a full range of banking and financial services to over 16 million customers.
"The impressive performance potential of Series 4 is backed by years of success with the previous three series in the product family", says Antoine Massad, Associate Director and Head of Middle East and Asia for Man. "The innovation of a capital guarantee arrangement that provides for the return 120% of initial capital makes this an extremely attractive investment opportunity which provides both significant upside and a guaranteed minimum return for investors who hold the product through to maturity".
Man IP 220 Series 4 Ltd will be available to investors from 26 August to 4 October 2002 with a possible extension to the offer period.
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Man launches its first 120 per cent capital guaranteed product
- United Arab Emirates: Tuesday, August 27 - 2002 at 13:59
- PRESS RELEASE
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Man Investment Products, a leading international alternative investment manager, is to launch its latest capital guaranteed structured product on Monday, 26 August 2002.
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Posted by Anne-Birte Stensgaard, News EditorTuesday, August 27 - 2002 at 13:59 UAE local time (GMT+4)
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This article was updated on Tue Jun 08 2004.
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Man Investment Products is part of Man Group plc, a leading international financial services business that is listed on the London Stock Exchange and is a constituent of the FTSE 100 index of leading shares.
Man-IP 220 Series 4 Ltd
Summary
Offer Period - 26 August to 4 October 2002
Investment TypeRedeemable Structured Guaranteed Bonds of US$/€ 1 in multiples of ten4.
Registration - Bermuda
Target growth -Absolute annualised growth of around 17-18%1 net of all fees and expenses.
Minimum investment - 50,000 Bonds. Investors may apply for a combination of US$ and Euro denominated Bonds, subject to a minimum of 20,000 Bonds in each class and a total minimum aggregate subscription of 50,000 Bonds.
Maturity date - 30 November 2013 for US$-Class Bonds, 30 November 2014 for Euro-Class Bonds
No Initial Sales Charge100% of the net proceeds of investors' monies are invested.
Website: www.manip220series4.com
Issued by Gulf Hill and Knowlton on behalf of Man Investment Products. For further information, please contact Randa Mazzawi on Tel: (+9714) 3344930 or Fax (+9714) 3344923/3344917/3360692
The Man-AHL Diversified Programme is primarily a directional trading system that seeks to take advantage of price trends in around 100 global futures markets based on round-the-clock trading and real time price information. Using systematic trading strategies developed since 1983, the investment process emphasises diversification, discipline, efficiency, rigorous risk management and ongoing research.
The Man-Glenwood Portfolio typically maintains investments across a broad range of hedge fund managers and strategies with the aim of producing equity-style returns with bond-style levels of volatility. The manager and strategy selection process is driven by the requirement for risk diversification across a broad range of investment strategies and the identification of those managers who are best able to execute each strategy.
Man Group plc
Man Group plc is a focused financial services business specialising in asset management and brokerage whose origins date back to 1783. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 index. Man Group plc currently employs around 1,800 people in 15 countries worldwide.
Man Investment Products
Man Investment Products is part of Man Group plc and currently manages around US$ 21 billion for institutions and private investors worldwide. It is a global business with offices in Bahrain, Chicago, Dubai, Hong Kong, London, Montevideo, Tokyo and Switzerland and has launched more than 200 alternative investment products worldwide.
This material is issued by Man Investment Products Limited which is regulated in the UK by the FSA. The rules and regulations made under the Financial Services and Markets Act 2000 for the protection of investors may not apply to regulated activities conducted outside the UK. Man Investment Products Limited and/or any associates may have an investment in Series 4. Man Financial Limited, an associated company of Man Investment Products Limited, is the futures and foreign exchange broker to the Company.
Information contained herein is provided from the Man database except where otherwise stated. Potential investors should note that alternative investments can involve significant risks and the value of an investment can go down as well as up. Movements in exchange rates between currencies may affect the value of an investment. This product may not be suitable for all persons. If in doubt, seek advice from your independent financial advisor.
The Company has applied for a ruling from the Swiss Federal Banking Commission confirming that the structure is not deemed to be an investment fund under the applicable Swiss investment fund legislation and is thus not subject to the supervision of the Swiss Federal Banking Commission. Should such a ruling be obtained, then this material will be available for distribution without restriction in Switzerland.
This product does not require the deposit of the Prospectus as per Section 3 para 1 No. 9 of the Austrian Capital Markets Act.
Information on this product may be obtained from Man Management AG at the following address: Bahnhofstrasse 15, 8808 Pfäffikon SZ, Switzerland.
1Based on an analysis of the combined performance projections of the Investment Strategies that may be deployed by Series 4 with an investment exposure of 120% of NAV. Man IP 220 Series 4 Ltd is available in US dollar and Euro denominated Bonds.
Performance for each Class of Bonds may differ. There is no guarantee of trading performance and projected performance is not necessarily a guide to future results.
2Man-IP 220 Limited from 18 December 1996 to 30 June 2002
3Lloyds TSB Bank plc, London Branch (the "Bank"), by way of the Guarantees and subject to their terms and conditions, provides Bondholders at the Maturity Date with a guarantee of at least the Face Value of US$ 1.20 or € 1.20 per Bond held and redeemed at the Maturity Date. Bonds redeemed prior to the Maturity Date do not have the benefit of the Guarantees.
4Investors redeeming Bonds before the Maturity Date can do so on a monthly basis, but may be subject to a redemption fee.
Man-IP 220 Series 4 Ltd
Summary
Offer Period - 26 August to 4 October 2002
Investment TypeRedeemable Structured Guaranteed Bonds of US$/€ 1 in multiples of ten4.
Registration - Bermuda
Target growth -Absolute annualised growth of around 17-18%1 net of all fees and expenses.
Minimum investment - 50,000 Bonds. Investors may apply for a combination of US$ and Euro denominated Bonds, subject to a minimum of 20,000 Bonds in each class and a total minimum aggregate subscription of 50,000 Bonds.
Maturity date - 30 November 2013 for US$-Class Bonds, 30 November 2014 for Euro-Class Bonds
No Initial Sales Charge100% of the net proceeds of investors' monies are invested.
Website: www.manip220series4.com
Issued by Gulf Hill and Knowlton on behalf of Man Investment Products. For further information, please contact Randa Mazzawi on Tel: (+9714) 3344930 or Fax (+9714) 3344923/3344917/3360692
The Man-AHL Diversified Programme is primarily a directional trading system that seeks to take advantage of price trends in around 100 global futures markets based on round-the-clock trading and real time price information. Using systematic trading strategies developed since 1983, the investment process emphasises diversification, discipline, efficiency, rigorous risk management and ongoing research.
The Man-Glenwood Portfolio typically maintains investments across a broad range of hedge fund managers and strategies with the aim of producing equity-style returns with bond-style levels of volatility. The manager and strategy selection process is driven by the requirement for risk diversification across a broad range of investment strategies and the identification of those managers who are best able to execute each strategy.
Man Group plc
Man Group plc is a focused financial services business specialising in asset management and brokerage whose origins date back to 1783. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 index. Man Group plc currently employs around 1,800 people in 15 countries worldwide.
Man Investment Products
Man Investment Products is part of Man Group plc and currently manages around US$ 21 billion for institutions and private investors worldwide. It is a global business with offices in Bahrain, Chicago, Dubai, Hong Kong, London, Montevideo, Tokyo and Switzerland and has launched more than 200 alternative investment products worldwide.
This material is issued by Man Investment Products Limited which is regulated in the UK by the FSA. The rules and regulations made under the Financial Services and Markets Act 2000 for the protection of investors may not apply to regulated activities conducted outside the UK. Man Investment Products Limited and/or any associates may have an investment in Series 4. Man Financial Limited, an associated company of Man Investment Products Limited, is the futures and foreign exchange broker to the Company.
Information contained herein is provided from the Man database except where otherwise stated. Potential investors should note that alternative investments can involve significant risks and the value of an investment can go down as well as up. Movements in exchange rates between currencies may affect the value of an investment. This product may not be suitable for all persons. If in doubt, seek advice from your independent financial advisor.
The Company has applied for a ruling from the Swiss Federal Banking Commission confirming that the structure is not deemed to be an investment fund under the applicable Swiss investment fund legislation and is thus not subject to the supervision of the Swiss Federal Banking Commission. Should such a ruling be obtained, then this material will be available for distribution without restriction in Switzerland.
This product does not require the deposit of the Prospectus as per Section 3 para 1 No. 9 of the Austrian Capital Markets Act.
Information on this product may be obtained from Man Management AG at the following address: Bahnhofstrasse 15, 8808 Pfäffikon SZ, Switzerland.
1Based on an analysis of the combined performance projections of the Investment Strategies that may be deployed by Series 4 with an investment exposure of 120% of NAV. Man IP 220 Series 4 Ltd is available in US dollar and Euro denominated Bonds.
Performance for each Class of Bonds may differ. There is no guarantee of trading performance and projected performance is not necessarily a guide to future results.
2Man-IP 220 Limited from 18 December 1996 to 30 June 2002
3Lloyds TSB Bank plc, London Branch (the "Bank"), by way of the Guarantees and subject to their terms and conditions, provides Bondholders at the Maturity Date with a guarantee of at least the Face Value of US$ 1.20 or € 1.20 per Bond held and redeemed at the Maturity Date. Bonds redeemed prior to the Maturity Date do not have the benefit of the Guarantees.
4Investors redeeming Bonds before the Maturity Date can do so on a monthly basis, but may be subject to a redemption fee.
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