| Current Capital Series Products |
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current products |
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Capital Series Multi Select |
|
Rebate |
1.0% |
|
Closing Date |
CLOSED |
| Minimum
Investment |
$10,000 |
|
Maturity
Date |
28 December 2011 |
Important changes have been made to
the Commonwealth Bank Protected Portfolio Loan (PPL)
Product Disclosure Statement (PDS) which we would
like to make you aware of.
1. Supplementary PDS (SPDS)
On 13 May 2008 the Government
announced in the 2008-09 Budget that it proposes to
make a change to the capital protected borrowing
rules (which are relevant to the amount of PPL
interest that an investor can deduct in a particular
income year). The announcement indicates that the
change to the rules will apply to PPLs entered into
after 7.30 pm (AEST) on 13 May 2008.
Commonwealth Bank has obtained an updated Taxation
Opinion from Greenwoods & Freehills which discusses
how the Budget announcement potentially affects
investors of the PPL. The updated Taxation
Opinion is included in the
Supplementary PDS, and for ease of
reference, the text relating to the Budget
announcement has been underlined.
You should read the updated Taxation
Opinion carefully and seek independent taxation
advice when determining the effect of the
announcement on a potential investment in the PPL.
New PPL application forms need to be accompanied by
a signed SPDS.
2. Anti-Money
Laundering documentation (AML)
Commonwealth Bank is required to
collect additional information from investors to
comply with the Anti-Money Laundering and
Counter-Terrorism Financing Act 2006.
In the event you are considering a PPL investment and
are not an existing customer of
Commonwealth Bank, please ensure the AML
paperwork above is completed and accompanied with the PPL
application form. |
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Product Disclosure Statement PDS
(4.11mb) |
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Supplementary PDS - issued 27 May(91kb) |
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Brochure (123kb) |
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Non-individual Customer Ownership Details
(71kb) |
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Additional identification check for all
applicants (31kb) |
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Three investment
opportunities offering capital growth protection
Capital Series Multi Select is a 100% capital
protected investment which gives you the choice of
up to three investment strategies which seek to
provide you with capital growth over a 3.5 year
term.
You also have the choice of borrowing up to 100% of
your Multi Select investment via the Capital
Investment Loan1 and your first year’s
interest via the Interest in Advance Loan1
(subject to approval).
Multi Select is an eligible investment for
individuals, companies, trusts and Self Managed
Super Funds.
Your Multi Select Strategies
|
Strategy 1:
Best of Asia |
Underlying
Portfolio |
Exposure to a
portfolio comprised of a basket of indices:
-
Hang Seng China
Enterprises Index (HSCEI)
-
MSCI Taiwan
Index
-
KOSPI 200 Index
-
S&P/ASX200
Index |
|
Coupon
payments |
Nil |
|
Strategy 2:
Emerging Markets Next 11 |
Underlying
Portfolio |
Exposure to
the next 11 emerging stock markets around
the world (the S-Box N-11 Index). Some of
these countries include Egypt, Indonesia,
Korea, Mexico, Pakistan, Philippines, Turkey
and Vietnam. |
|
Coupon
payments |
0.5% p.a. paid
annually in arrears (subject to Early
Termination Events) |
|
Strategy 3:
Soft Commodities |
Underlying
Portfolio |
Exposure to
the S&P GSCI Agriculture E28 Excess Return
Strategy. This Strategy attempts to
outperform the S&P GSCITM
Agriculture Excess Return Index, which is an
index comprising agricultural futures
contracts such as corn,
Chicago wheat,
soybeans, coffee, cocoa, sugar and cotton. |
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Coupon
payments* |
1.25% p.a.
paid annually in arrears at the end of Year
1, Year 2 and Year 3 (subject to Early
Termination Events |
Available for a limited time, Capital Series
Multi Select closes on Friday, 20 June 2008
(12 noon Sydney time). Minimum investment is
$10,000 (plus 2% application fee of the investment
amount).
Please refer to the Product Disclosure Statement to
find out more, in particular about any risks and
costs associated with a potential investment.
How to invest
To invest, read the PDS, and then complete the
enclosed application form.
If you have any questions, please do not hesitate to
call CommSec Direct Funds on 13 15 20 between
8 am and 5 pm, Sydney time, Monday to Friday.
* Coupon payments are not payable for the last six
months of the Soft Commodities Strategy
1 The Capital Investment Loan and
Interest in Advance Loan is not available to
superannuation funds.
Important Information
Capital Series
Multi Select is a product issued by Commonwealth
Bank of Australia ABN 48 123 123 124 (Commonwealth
Bank) administered by its wholly owned but
non-guaranteed subsidiary Commonwealth Securities
Limited ABN 60 067 254 399 (CommSec). A Product
Disclosure Statement (PDS) for Capital Series Multi
Select, dated 19 May 2008, is available above and
should be considered before making any decision
about this product. Investments in Capital Series
are not deposits with Commonwealth Bank. They are
contracts entered into between Investors and
Commonwealth Bank on the terms set out in the Terms
of Sale which are contained in the PDS. Capitalised
terms in this document have equal meaning to the
capitalised terms in the PDS. Refer to the PDS for
fees including the 2% Application Fee.
The information in
this document should not be taken as a
recommendation to invest in Capital Series Multi
Select. As the information has been prepared without
considering your objectives, financial situation or
needs, you should, before acting on the information
in this document consider its appropriateness to
your circumstances. Past performance is not a
reliable indicator of future performance.
Applications for finance (the “Capital Investment
Loan”) are subject to the Bank’s normal credit
approval.
CommSec believe that the information herein is
correct and any opinions, conclusions or
recommendations contained in this document are
reasonably held or made as at the time of its
compilation, but CommSec make no warranty as to the
accuracy, reliability or completeness of that
information. Except to the extent that any liability
under any law cannot be excluded, no liability for
any loss or damage which may be suffered by any
person, directly or indirectly, through relying upon
any information or statement in this document is
accepted by the Commonwealth Bank or CommSec or any
of their directors, employees or agents, whether
that loss or damage is caused by any fault or
negligence on their part or otherwise.
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Simply download an Investment
Brochure/PDS above. It’s that easy! |
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