The structure offers the investor complete capital security at maturity and returns 72% of any gains in
a World Equity Index Basket 100-150% Call Spread (subject to a degree of averaging to reduce final
year volatility). The investor will therefore benefit from 72% exposure (capped at a 36% return) to
world equity markets (as measured by the basket) over the short to medium term while being safe in
the knowledge that their original capital will be returned in full at maturity.