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The Egg Guaranteed FTSETM Bond (December 2004) is subject to the terms and conditions set out in the Egg Customer Relationship Agreement and the following Special Conditions:
1. In these Special Conditions: "Bond" means the Egg Guaranteed
FTSETM Bond (December 2004); "Bond Term" means 16 December 2004 to the Maturity Date; "Exchange" means the London Stock Exchange plc; "Index" means the FTSETM 100; "Index Day" means any day that is a trading day for the Index other than a day on which trading does not take place or the Exchange closes prior to its regular weekday closing time; "Index End Level" means the average of the closing values of the Index for each Index Day during the period commencing 17 December 2008 and ending on the Maturity Date (inclusive of both dates); "Index Start Level" means the closing value of the Index on 16 December 2004 or if 16 December 2004 is not an Index Day, the closing value of the Index on the next succeeding Index Day; "Market Disruption" means any material suspension of or limitation imposed on trading on the Exchange in securities that comprise 20% or more of the level of the Index; and "Maturity Date" means 16 December 2009 or the next succeeding Index Day if 16 December 2009 is not an Index Day.
2. "Guaranteed" when used in the context of the name of the Bond whether in these Special Conditions or in any literature or advertisement describing or promoting the Bond means that the
deposit paid by you for investment in the Bond will be repaid to you at the Maturity Date in accordance with our contractual obligation to do so.
3. The Bond is only available to applications and cleared funds received by 15 December 2004.
4. The Bond is a limited offer, subject to availability and may be withdrawn at any time prior to 15 December 2004. We reserve the right to refuse any application to invest in the Bond.
5. It is a condition of any investment in the Bond that all sums for investment are first paid into your Egg Savings Account. We will then transfer the amount you wish to invest in the Bond from your Egg Savings Account on 16 December 2004. Any amount which is not cleared by 15 December 2004 cannot be transferred. If your application for investment in the Bond is unsuccessful or we withdraw the Bond for any reason, any intended deposit for the Bond will remain in your Egg Savings Account. We will tell you in writing within 10 business days from 16 December 2004 if your application is unsuccessful or the Bond has been withdrawn. If the amount which you ask us to invest in the Bond is greater than the cleared balance available on your Egg Savings Account on 15 December 2004 we may transfer the cleared funds on your Egg Savings Account up to an amount which leaves only a £1 balance.
6. You must deposit a minimum of £1,000 in the Bond. The maximum amount that you may invest in the Bond is £500,000. You may not deposit additional amounts into the Bond during the Bond Term.
7. You must be at least 16 to invest in the Bond. You may invest in the Bond in your sole name or jointly with one other person. If you are investing jointly the funds invested in the bond must come from an Egg Savings Account held in the same joint names as the bond.
8. Any joint application with the exception of online applications for investment in the Bond must be signed by both applicants. For any joint application for investment in the Bond that is made online we will act upon the instructions of either joint applicant provided that the Bond is held in the same joint names as the Egg Savings Account.
9. You are not permitted to cancel any application which you make any later than 15 December 2004 and you are not permitted to make withdrawals from the Bond during the Bond Term or close the Bond
before the Maturity Date. If you decide to cancel your application you will need to inform us of your decision in writing before 15 December 2004.
10. At the end of a Bond Term gross interest will be calculated on the amount deposited in the Bond as follows:
| Index End Level - Index Start Level | x | 100% | | Index Start Level | |
If the Index End Level is equal to or lower than the Index Start Level, no interest will be payable. Interest net of tax will be credited within two business days after the Maturity Date to the Egg Savings Account from which the initial Bond deposit was made. No dividends or interest in respect of dividends are paid either during the Bond Term or at the end of the Bond Term. No interest will accrue on the Bond after the Maturity Date.
11. The amount originally deposited in the Bond will be paid on the Maturity Date into the Egg Savings Account from which the initial Bond deposit was made. You must keep your Egg Savings Account
open with a minimum balance of at least £1 until at least two business days after the Maturity Date to enable us to make the payments described in Condition 10.
12. If for any reason the Index is discontinued, or the method of calculation of the Index changes, or if due to Market Disruption its calculation or publication is materially disrupted, changed or delayed,
we will, as reasonable and appropriate:
(a) if the Index is discontinued, use the successor Index or an alternative or replacement Index, or;
(b) if the method of calculation changes, use a different method of calculating the value of shares quoted on the Index, or;
(c) if there is Market Disruption, omit an Index Day on which Market Disruption occurs, or use a different day/time for the valuation of the Index.
13. We will send you a statement by post, after your Bond is opened showing the amount invested in the Bond. We will also send you a statement by post after the Maturity Date which will show details of any interest paid.
14. In the event of death of a single Bondholder, the Bond may be closed by the personal representatives and the amount initially deposited in the Bond will be repaid to the deceased's Egg Savings
Account with interest at a rate of 2.5% gross per annum. If a joint account Bondholder dies, the Bond will be transferred into the name of the surviving Bondholder.
15. The Bond is not in any way sponsored, endorsed, sold or promoted by FTSETM International Limited ("FTSETM") or by the Exchange or by The Financial Times Limited ("FT") and neither FTSETM nor the Exchange nor FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Index and/or the figure at which the Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSETM. However, neither FTSETM nor the Exchange nor FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and neither FTSE or the
Exchange or FT shall be under any obligation to advise any person of any error therein.
"FTSETM", "FT-SETM" and "FootsieTM" are trade marks of the London Stock Exchange Plc and The Financial Times Ltd and are used by FTSETM International Limited under licence.
The use of the word "guaranteed" in the name of the Bond and in the Bond information we supply refers to our contractual obligation to you to repay the amount deposited in the Bond to you.
We do not make any promise about the future performance of the Bond relative to other investments we offer or which are available generally.
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