The Provident Financial plc 7.5% Corporate Bond pays a fixed gross rate of interest of 7.5% per year until September 2016. Interest is paid in two semi-annual instalments in arrear in March and September each year with your investment paid back in full in September 2016, before any deductions for dealing costs or other charges that may apply. The minimum initial investment is £2,000 and thereafter in increments of £100.
During its life you can buy and sell the Corporate Bond at any time (during market hours and in normal market conditions) through your stockbroker and check prices on the London Stock Exchange website, just like a share.
If you have, or want to set up, a Stocks & Shares ISA or a SIPP which can hold bonds, depending on your individual tax circumstances and subject to any future changes in legislation, you should be able to earn the interest tax free.
Investors should note that the market price of the Corporate Bond could fall below the face value during the life of the investment and further that in the event that Provident Financial defaults or becomes insolvent, you may lose some or all of your investment.
The only way to buy the Provident Financial plc 7.5% Corporate Bond is through a stockbroker. Contact your stockbroker or any of the stockbrokers listed for more details. If you are in any doubt as to the suitability of this investment for your circumstances, you should seek independent advice from a tax adviser or investment professional.
Killik & Co
Williams de Broë
Selftrade (Execution Only Broker)
Stocktrade (Execution Only Broker)
Evolution Securities Limited is acting as Lead Manager on this issue.
Provident Financial plc is the legal entity that will issue the Corporate Bond and references to Provident Financial in this advertisement are references to Provident Financial plc. The contents of this advertisement, which have been prepared by Provident Financial plc, have been approved by Evolution Securities Limited, solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000. Evolution Securities Limited (incorporated in England No 2316630) whose registered office is 100 Wood Street, London EC2V 7AN is authorised and regulated by the Financial Services Authority (Registration Number: 143999). This is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC (the “Directive”) or Part VI of the Financial Services and Markets Act 2000. A prospectus has been prepared and made available to the public in accordance with the Directive. Investors should not subscribe for any securities referred to in this advertisement except on the basis of information contained in the prospectus. Investors may obtain copies of the prospectus on the website of the London Stock Exchange and in hard copy at the registered office of Provident Financial plc at No. 1 Godwin Street, Bradford, BD1 2SU.Before buying or selling the Corporate Bond you should make sure that you fully understand the risks, which are set out in the prospectus, and determine that it is appropriate for you. Provident Financial does not provide legal, tax, accounting or investment advice in relation to the Corporate Bond and is not responsible for any advice you may receive from any third party. You should be aware that securities involve a variety of risks and you should seek independent advice, if in any doubt as to the suitability of this investment for your circumstances.