Products & platforms

MQ Term Plus

This product is closed

 

Features

MQ Listed Protected Loan (“LPL”) allows investors to borrow 100% to invest in a selection of ASX-listed shares with full loan protection.

MQ LPL is now closed for new investments. All MQ LPL existing series are now trading on the ASX.

If you are an existing investor and would like more information on MQ LPL, please see the Product Disclosure Statement or call Macquarie.

Frequently asked questions

When does my MQ Term Plus mature?

Series Maturity Date
MTP001 17 December 2009
MTP002 20 December 2012
MTP003 17 December 2009
MTP004 20 December 2012

How will interest payments be made to me?

Interest Payment and when applicable bonus interest payments, will be made to your nominated bank account. To change the account to which the payments are made you will need to complete a Direct Debit or Credit Authority form

Can I redeem my MQ Term Plus prior to maturity?

Redemption requests can be made to Macquarie prior to maturity. If you would like to request an early redemption please complete the Macquarie Securities Group request a document

What correspondence will I be sent?

Each time a semi-annual interest payment is made to you, you will receive a Fixed Interest Payment (and when applicable) and Bonus Interest Payment Notification letter.

Do I receive a tax statement?

No, you will not receive a tax statement for your MQ Term Plus Notes.

How is MQ Term Plus (or the underlying index) performing in the current Bonus Interest period?

Series MTP002 MTP004
Approximate Term 5 years 5 years
Issue Date 2 November 2007 20 December 2007
Fixed Interest Rate 7.00% 7.45%
Next Fixed Interest Period End Date* 18 June 2010 18 June 2010
Reference Security Opening Level** (S&P/ASX 200) 4670.269 4670.269
  • Bonus Interest Period Start Date:
    18 December 2009
  • Bonus Interest Period End Date***:
    16 December 2010

 * Paid Semi Annually, all Fixed Interest payments are made within 15 days of the Fixed Interest Period End Date.
** Opening Level for the current Bonus Interest Period
*** Paid Annually, all Bonus Interest payments are made within 15 of the Bonus Interest Period End Date.

How many shares will I get if I elect to take Physical Delivery?

At maturity of your Notes, you may elect to receive a number of Deliverable Securities (one Telstra Corporation Share) plus a Cash Settlement Amount less the market value of the Deliverable Securities (one Telstra Corporation Share) you receive. You will also receive any Fixed Interest Amount plus any Bonus Interest Amount that may be payable at maturity.

Please find below an example detailing the Number of Deliverable Securities and the Cash Amount you would receive should you elect to take Physical Delivery.

Please note this is an example only and is based on a holding of 40,000 and 50,000 Notes respectively. The Number of Deliverable Securities and the Cash Amount you will receive upon Maturity (not including Fixed and Bonus Interest Amounts) will vary depending on the number of Notes you hold.

Series Number MTP002 MTP004
Number of Notes 40,000 50,000
Number of TLS Securities attributable to your holdings 0.191570881 0.191570881
TLS Close Price as at 1 March 2010 $2.94 $2.94
Number of TLS Securities you will receive 1 1
Indicative Cash Amount you will receive on Maturity (not inc. fixed and bonus interest amounts) $39,997.06 $49,997.06

 

Risks

The Product Disclosure Statement for this investment sets out various risks associated with the product. We advise you read the PDS prior to providing advice in relation to this investment.

Product information

The MTP001 and MTP003 Series of MQ Term Plus Notes have matured. Holders of MTP001 and MTP003 Series of MQ Term Plus Notes have been sent maturity confirmation notices and final payments (including bonus interest payments).

Details of all Series of MQ Term Plus Notes

Series MTP001 MTP002 MTP003 MTP004
Maturity Date 17/12/09 20/12/12 17/12/09 20/12/12
Approx. Term 2 years 5 years 2 years 5 years
Fixed Interest Rate 6.50% 7.00% 7.15% 7.45%
Fixed Interest Payments semi-annual semi-annual semi-annual semi-annual
Bonus Interest Payments annual annual annual annual
Potential Total Interest Rate 10.00%p.a 10.00%p.a 10.00%p.a 10.00%p.a