Credit Suisse GP100 - Australia Trust
Credit Suisse GP100 - Australia Trust (GP100 - Australia) aims to provide the opportunity for growth and distributions with the added benefit of capital protection at maturity.
GP100 - Australia will be an ASX listed trust which has a leveraged investment exposure to the performance of the S&P/ASX 200 Index.1
GP100 - Australia also offers the potential for semi annual distributions sourced from distributions and dividends paid by the securities of the 20 largest entities included in the S&P/ASX 200 Index as at 14 February 2008.1
Some of the benefits to be offered include:
- Five year term with the intention to offer the option to roll your investment at maturity for a further five years3
- Capital protection provided to GP100 - Australia at maturity to the value of $1.00 per unit on issue at maturity, subject to conditions2
- Minimum notional investment exposure of 100% to the performance of the S&P/ASX 200 Index4 on day one and to maturity
- Maximum notional investment exposure of 250% to the performance of the S&P/ASX 200 Index4
- Potential for semi annual distributions including any franking credits available
- Daily liquidity on and off market5
- Market maker bid at $1.00 day one
- Minimum investment AUD 45,000 for initial offer (excludes financial adviser commission of 1.1%)
- Administration and Investment fee of 1.99%pa
- Notional leverage fee equivalent to the Australian Five Year Swap Rate as at the Listing Date
- Borrowing6
- 100% investment loan will be available*
- Variable and fixed rates will be available*
* To approved applicants during the initial offer period. Remember,
leverage magnifies potential losses as well as profits.
This document is issued by Equity Trustees Limited ABN 46 004 031 298, AFSL 240975 (EQT). EQT is the responsible entity of Credit Suisse GP100 - Australia Trust ARSN 129 715 153, (GP100 - Australia) and the issuer of units in GP100 - Australia. Units in GP100 - Australia are sophisticated financial products and applications for units must be made through a Financial Adviser. It is important for you consider the Product Disclosure Statement relating to GP100 - Australia in deciding whether to acquire, or to continue to hold, units in GP100 - Australia. Units in GP100 - Australia are sophisticated financial products and applications for units must be made through a financial adviser. An investment in GP100 - Australia is subject to investment risk, including possible delays in repayment and loss of income and capital. An investment in GP100 - Australia does not represent a deposit or other liability of any member of the Credit Suisse group, the Lead Managers, or EQT. No member of the Credit Suisse group, nor the Lead Managers, or EQT guarantees the capital value or performance of GP100 - Australia or its assets, subject to the capital protection provided by CSi to GP100 - Australia at maturity to the value of $1.00 per unit on issue at maturity as described in the important notes in this document.
Important end notes
1 The Physical Basket will comprise the securities of the 20 largest entities (measured by Float Adjusted Market Capitalisation) included in the S&P/ASX 200 Index according to their index weightings as at 14 February 2008. Telstra Instalment Receipts will be excluded from the Physical Basket and replaced with Foster's Group Limited. The weighting allocated to an investment in Telstra Corporation Limited will be the aggregate of the weightings allocated to it and to Telstra Instalment Receipts as at 14 February 2008.
2 The capital protection for GP100 - Australia will be provided by Credit Suisse International to GP100 - Australia only at maturity (year 5) and will only apply to the value of $1.00 per unit on issue at maturity. Further, like other features of the Protection Strategy, the capital protection will not be provided directly to Unitholders and will be subject to terms and conditions, including early termination events. Please refer to the Product Disclosure Statement for more information, including section 4.2 'GP100 - Australia specific risks', about the limitations on the capital protection.
3 Investors may be provided with the opportunity to continue their investment in GP100 - Australia beyond maturity if a Rollover Proposal Notice is issued. As at the date of the Product Disclosure Statement it is the Responsible Entity's intention to issue a Rollover Proposal Notice closer to maturity. Please see the Product Disclosure Statement for further details. It is possible that GP100 - Australia will terminate on maturity or, in exceptional circumstances, earlier.
4 The S&P/ASX 200 Index measures the performance of the 200 largest index eligible securities listed on the ASX by Float Adjusted Market Capitalisation (being a capitalisation measure of the largest entities with securities available for public trading). The S&P/ASX 200 Index referenced is a price index (ie. dividends and distributions are not taken to be reinvested in determining the index value).
5 The liquidity arrangements refer to on market and off market arrangements to be provided by Credit Suisse Equities (Australia) Limited and Credit Suisse, Sydney Branch to offer to buy and sell GP100 - Australia units to and from investors, subject to terms and conditions. While there can be no assurance that an active market for trading in units in GP100 - Australia will develop on the ASX, on market liquidity will be facilitated by the appointment of a market maker (Credit Suisse Equities (Australia) Limited) and an off market limited liquidity facility will be available (from Credit Suisse, Sydney Branch), subject to terms and conditions including situations where the limited liquidity facility may not be available and the market maker's obligations may not apply. After day one of trading, the amount of any bid by the market maker will be subject to a number of factors, including the net asset value of GP100 - Australia and market conditions.
6 If you wish to apply for units in GP100 - Australia and you wish to apply to Macquarie Investment Lending for an investment loan, you must complete the Macquarie 100% Investment Loan Finance and Unit application form accompanying the Product Disclosure Statement.
Lead Managers
Documents
- Brochure
- Corporate Action December 2008
- Cost of Leverage
- Financial Statements to June 2009
- Half Yearly Report - December 2008
- Half Yearly Report - June 2009
- Important - Change to Key Dates
- Important - Change to Anticipated Listing Date
- Investor Notice Financial Ombudsman Service
- Product Disclosure Statement
