How much can I sell my Notes for and do I need to sell all of my Notes?

The sale price for Notes will be the price set on the Invest page. You can choose how much of the principal amount of each Note you want to sell. The amount you will receive is the Sale price x par value of the Notes you hold plus accrued interest and net of our 0.25% Sale Fee. For example if the sale price is 99 and you hold £10,000 of Notes then you will receive is 99% of £10,000 which is £9,900 minus the 0.25% Sale Fee which is £9,875.25. Any accrued interest is added to this sum.

This means that if a Note is sold midway through a month, all the interest that has been accrued up until that day but not yet paid to you will be included in the sale price so you don’t lose out. Over time we may allow members to set the price at which they sell their Notes.

Investing in wiseAlpha Notes involves risks including potential illiquidity and loss of investment. Our Notes are not deposit based or capital protected and are not covered by the Financial Services Compensation Scheme.The interest rate on our products is not comparable to that of a bank savings account. See Risk Statement.

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