What does pro rata mean?

Pro rata means a proportionate allocation. For example if a member decided to invest a pro rata amount of his initial investment, say £100,000 across 5 Notes, £20,000 would be invested in each Note.

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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