Macquarie Flexi 100 Trust November 2011

Take advantage of new investment choices now available with the latest offer of the Macquarie Flexi 100 Trust (Flexi 100). Flexi 100 is a capital protected, leveraged investment offering indirect exposure to a range of domestic and global markets. While Flexi 100 is designed to be held until maturity, the ‘Walk-Away’ feature allows investors to leave the investment early with no additional costs, irrespective of market movements.(1)

What's new this offer?

Designed to meet investors' needs in the current market, this latest offer has some exciting new features including:

Product Rulings

Macquarie Financial Products Management Limited has applied for a Product Ruling for this offer of Flexi 100. If a ruling is issued, details will be available on our website www.macquarie.com.au/flexi. Please note that previously issued product rulings do not apply to this offer of Flexi 100.

Investment choices

Designed to meet investors needs in the current market, this offer of Flexi 100 features a wide range of investment opportunities.

Fixed Distribution Classes - 3.5 year term
At Maturity, investors are entitled to any gain on the Reference Asset above the Hurdle of 116.25 per cent, subject to the Term/Share Performance Cap (if any). The total amount paid to investors in fixed Distributions throughout the Term and is equal to 16.25 per cent of their Investment Amount.

Variable Distribution Class
Investors may be entitled to an annual Distribution based on the positive performance (if any) of the Reference Asset during that year up to the Annual Performance Cap.(6)

Potential Returns

Total Distributions received over the term	$22,000	$100,000 x (4% x 5 + 2%)
Reference Asset Gain at Maturity	$50,000	(6,300-4,200) x $100,000 4,200
Total received over the term of the investment	$72,000	Total distributions over the term and Reference Asset Gain paid at Maturity
Total costs over the term (Loan Establishment Fee plus annual interest payments)	($52,050)	$2,000 + ($9,100 x 5.5)
Net Return over the term of the investment	$19,950	Total received less total costs

Example 2: Market decrease
An investor invests in a Fixed Distribution (5.5 Year) Australian Equity Class and holds the investment to Maturity.

Assumptions

•	Investor borrows $100,000 to invest
•	Interest rate is 9.10%pa
•	Fixed Hurdle of 122%
•	Fixed Term Performance Cap is Uncapped (7)
•	S&P/ASX 200 Start Level of 4,200
•	S&P/ASX 200 Hurdle level of 5,124 (122% x 4200)
•	S&P/ASX 200 Closing Level of 3,900
•	Therefore the Final Investment Level is 3,900

Potential Returns

Total Distributions received over the term	$22,000	$100,000 x (4% x 5 + 2%)
Reference Asset Gain at Maturity	$0	Closing Level of the S&P/ ASX 200 is below Hurdle Level. Therefore no gain at Maturity
Total received over the term of the investment	$22,000	Total distributions over the term and Reference Asset Gain paid at Maturity
Total costs over the term (Loan Establishment Fee plus annual interest payments)	($52,050)	$2,000 + ($9,100 x 5.5)
Net Return over the term of the investment	($30,050)	Total received less total costs

These examples have been provided for illustrative purposes only, and are not intended to be indicative of the performance of any class of Flexi 100.

(1)	Prepaid interest on an Investment Loan will not be refunded. Investors will be required to pay any amount owing on their Interest Loan (if applicable)
(2)	Distributions may be less than interest payments.
(3)	Trustees of superannuation funds who propose to invest in Flexi 100 should be aware of their obligation to formulate and implement an appropriate investment strategy that has regard to the whole of the circumstances of their fund and to act in the best interests of the members of the fund.
(4)	4. Actual Term, Share and Annual Performance Caps will be determined on or before the Swap Start Date. See Sections 3.2 (for Fixed Distribution Classes) and 4.1 (for Variable Distribution Classes) of Part I of the PDS for more information.
(5)	The Share Performance Cap applied to the individual performance of each constituent share of the Reference Asset in the Australian Equity Focus Class, and not the performance of the Reference Asset itself. See section 3.2 of Part I of the PDS for more information.
(6)	Prior to Maturity, unless an investor elects otherwise in their application, any Distributions an investor is entitled to receive from their investments will be applied to pay interest payments under the Investor’s Loans.
(7)	The actual Term Performance Caps will be determined as at the Swap Start Date and published at www.macquarie.com.au/flexi and could be lower than the indicative performance cap depending on market conditions at the time, in particular the level and volatility of the Reference Asset.

Important Information
This information is current as at 22 August 2011 and was prepared by Macquarie Financial Products Management Limited ABN 38 095 135 694, AFSL 237847 (MFPML), the issuer of units in and the responsible entity of the Macquarie Flexi 100 Trust ARSN 129 962 189. An invitation by MFPML dated 2011 for investors to apply for Units in the Macquarie Flexi 100 Trust to which the Product Disclosure Statement dated (the PDS) relates, is available at www.macquarie.com.au/flexi or by phoning 1800 080 033. The PDS is available above. In deciding whether to acquire or continue to hold an investment in the Macquarie Flexi 100 Trust, investors should obtain a copy of the PDS and consider its contents.

This information is general advice and does not take account of investors’ objectives, financial situation or needs. Before acting on this general advice, investors should therefore consider the appropriateness of the advice having regard to their objectives, financial situation or needs. MFPML or its associates, officers or employees may have interests in the financial products referred to in this information by acting in various roles including as investment adviser, broker or lender.

MFPML or its associates may receive fees, brokerage or commissions for acting in these capacities. In addition, MFPML or its associates, officers or employees may buy or sell the financial products as principal or agent. Investors may contact MFPML on 1800 080 033.

The loans are offered by Macquarie Specialist Investments Lending Limited ABN 59 125 574 389 (MSIL) and are subject to approval.

MSIL, MFPML, Macquarie Bank Limited ABN 46 008 583 542 (MBL) and the Macquarie Group do not give, nor do they purport to give any taxation advice. The taxation discussion in this document is based on current laws, anticipated legislation and Commonwealth announcements at the time of writing. Those laws and level of taxation may change. The application of taxation law to each investor depends on that investor’s individual circumstances. Accordingly, investors should seek independent professional advice on taxation implications before making any investment decisions.

Investments in the Macquarie Flexi 100 Trust are not deposits with, or other liabilities of MBL, MFPML, MSIL or of any Macquarie Group company, and are subject to investment risk, including possible delays in repayment and loss of income or capital invested. None of MBL, MFPML, MSIL or other member companies of the Macquarie Group of companies guarantees any particular rate of return, the performance of, or the repayment of capital from the Macquarie Flexi 100 Trust. For more information speak to your financial adviser or contact Macquarie Specialist Investments 1800 080 033 or visit www.macquarie.com.au/flexi.

Macquarie Flexi 100 Trust Nov 2011