What is the difference between the principal amount and the amount I am investing?

The difference between the principal amount on a Note acquired and the amount you are investing depends on the following factors:

  • Whether you are buying or selling the Note at a percentage Premium/Discount;
  • Whether any accrued interest has built up on the Note. Between interest payment periods interest accrues (but has not yet been paid on the Note). When you buy a Note you will be buying the principal plus accrued interest at any moment in time since you will receive that amount of interest if you hold the Note until the next interest payment date.

Capital at risk. No FSCS cover. See Risk Statement.