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Rebate Offer
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N/A
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Minimum Initial Investment
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$3,750*
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Expected Close Date
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CLOSED
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Commonwealth Bank Vantage+ provides an investor with an opportunity to access a leveraged1 investment that will offer exposure to the S&P/ASX 200. An investor will make a single upfront payment that will give them an exposure to an investment with a notional value many times more than their initial contribution.
Investment options
An investor has the option to choose between two strategies with different investment terms and gearing levels, depending on their investment goals and their view on the performance potential of the Australian sharemarket.
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Strategy 1
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Strategy 2 |
| Indicative upfront amount |
15% - 17% of the notional value
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20% - 22% of the notional value
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| Underlying portfolio |
S&P/ASX 200 Index |
S&P/ASX 200 Index |
| Investment term |
3 years |
5 years |
| Participation rate |
100% |
100% |
| Capped level |
150% of the initial reference level of the underlying portfolio |
Unlimited |
| Maturity date |
19 December 2014 |
19 December 2016 |
How it works
The upfront payment will be based on the notional value and the investment strategy. Once this upfront payment is made, no further payment is required. An investor can then follow the performance of the S&P/ASX 200 Index untill the investment's maturity date.
If an investor's maturity value is greater than their upfront amount, the investment will make a gain and the investor can choose to receive the value of their investment as either;
- Units in SPDR S&P/ASX 200 Fund; or
- Cash (following the sale of the units - brokerage applies)
Example: investment into Strategy 1
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Notional value
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$25,000 |
| Upfront amount |
$3,750 (15% of the notional value) |
Why invest in Vantage+
- Market performance - an investor can receive financial gain from positive performance of the S&P/ASX 200 Index
- Leverage exposure - exposure to the S&P/ASX 200 Index at the fraction of the price of a direct share investment
- No on-going payments or margin calls - once you have paid the Upfront Amount, there are no on-going payments or margin calls required.
- Physical settlement - you can accept physical delivery of units in the SPDR S&P/ASX 200 Fund at maturity.
Commonwealth Bank Vantage+ is issued by the Commonwealth Bank of Australia who is a leading provider of integrated financial services in Australia. Their brand is the most recognised brand in the Australian financial services industry.
CBA Vantage+ is a geared investment which has the potential to multiply your returns, but it can also multiply your losses if the underlying portfolio falls in value. Please read the Product Disclosure Statement and consider the risks carefully before deciding whether this investment opportunity is right for you.
| Fee Disclosure | | There are no entry fees or trailing commissions. 2020 DIRECTINVEST will receive a 1% marketing fee from Commonwealth Bank. |
*The minimum upfront amount is based on a minimum indicative upfront amount of 15% of the notional value of the investment.
1The exposure is leveraged because the Notional Value, which is the actual portfolio size to which you have exposure, is substiantially larger than the Upfront Amount. This means that for the same one-off payment, you will have more exposure to the Underlying Portfolio with an investment CBA Vantage+ than with a direct investment in the Underlying Portfolio.
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