The FTSE Income Protection 2000 is designed for investors looking for regular and unconditional income and confident that the FTSE 100 will not breach the 2,000 threshold. Investors receive 2% quarterly (£20 per Note), corresponding to a 8% coupon per annum. The coupon is paid whether the 2,000 barrier is breached or not. The initial investment is 100% repaid at maturity (£1000 per Note) as long as the FTSE 100 Index has not breached the barrier of 2,000 points during the 3-year investment, on a daily close basis. If the barrier is breached, investors receive the performance of the FTSE 100 from initial level (4,000 points). Capital is therefore at risk.