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This is a five-year income product linked to the FTSE 100 index and the UK Retail Price Index (RPI), offering a fixed coupon of 5.25% at the end of the first year, regardless of the performance of the FTSE 100 or the RPI. Annual income payments thereafter will be equal to 1.5 times any annual rise in the RPI. Capital is at risk if the final level of the FTSE 100 has fallen by 50% or more from its initial level.
For example, if the annual rise in the RPI was 4% after the second