INSEAD Series 25 Return

Fixed Rate
Savings Bond
Germany
Ethical Savings
Term Account
Belgium
Prodigy
Finance
INSEAD
4%
0%
2%
6%
10%
12%
4.85%
1.7%
2.15%
18.78%
1.59%
5.15%
8%
14%
16%
18%
20%
Student Nationalities
This pie chart shows the regional breakdown of our entire INSEAD loan portfolio.
East & Southeast Asia
Africa
Middle East (2%)
Latin America
Eastern Europe
South Asia
Western Europe
Oceania (3%)
North America
23%
20%
15%
11%
10%
9%
7%
Super-premium: INSEAD students
experience an average salary increase of 96%
after graduation, with an average post-MBA
salary of 115,000*
Low risk: Students are accepted at INSEAD,
and screened through Prodigys custom-
designed credit vetting processes.
Each student's repayment status is visible
online to alumni investors, with resulting social
pressure to repay.
Diversifed: The wide range of nationalities
reduces exposure to regional/country risks.
The diversity of students sector experience
and backgrounds limits concentration risk.
Student Portfolio Characteristics
Your investment into Series 25 will be disbursed directly to INSEAD to cover the tuition of students in the MBA and EMBA classes of 2014.
Your return is based on the repayment performance of the students in the pool. The investment is super-premium, low risk & diversifed.
Key Investment Terms
INSEAD Series 25 Fact Card
The INSEAD Series 25 bond allows you to invest into a pool of talented students
from the INSEAD MBA and Executive MBA Classes of 2014, while earning a great return.
*Financial Times 2013 Rankings
to date
DISBURSED
26m
to over
STUDENTS
727
from
84
COUNTRIES
**Based on historic levels of early repayment
*The target yield (IRR) takes into account the calendar
of cashfow payouts as well as compounding interest.
This accounts for the diference between the target inter-
est rate and target IRR. The fgure is calculated assuming
a base rate of 0.94% over the term of the note, based on
the Eurozone 5-year bond yield curve. The base rate as of
7 Oct 2013 was 0.225%.
Returns
The line graph shows annual interest rates. The bar graph
shows total return at 8.5 years (Prodigy bond maturity),
adjusted for 1.5% annual infation. Prodigy's return is based on
an average base rate of 0.94% and no reinvestment. If cou-
pons were reinvested or if base rates rise, the Prodigy return
would also increase. Our comparatively high return speaks
to the calendar of coupon payouts, in which much
of the principal investment is returned early.
Benchmarks
The German fixed rate savings bond is from a major
European bank and matures at 5 years. The "ethical
savings term account" is an 8-year investment at a
European bank known for socially responsible investing.
For both benchmarks, we assume reinvestment for an
additional 3.5 and 0.5 years respectively, to make the
8.5-year comparison with the Prodigy return.
The investment is a listed bond on the Irish Stock Exchange, funding students from the MBA and EMBA 2014 classes.
The investment funds a diversifed pool of low-risk INSEAD students from 80+ countries.
The investment ofers a target yield of 6.01% p.a (IRR)*. Returns are linked to the 3 Month Euribor base rate.
INSEAD provides a partial guarantee in the unlikely event that default exceeds 10%.
15 June 2022
Up to 27% student
default
3 Month Euribor
4.4 years
Euroclear/Clearstream
- EUR
26.33%
6.01% p.a. Irish Stock Exchange
4.85% above Base Rate
Semi-annual starting
on 15 July 2015
Fees
All investor returns are shown net of all fees. Prodigy Finance charges
an annual management fee of 2% and a once of issue fee of 0.75%.
Final Maturity
Capital Protection
Base Rate
10,000 Min. Investment
Weighted Avg Life**
Settlement
Denomination
Total Target Return
Target IRR* Listing
Coupon Frequency
Target Interest Rate ISIN XS0960886124
30 January 2014 Bond Issue Date
Investing in students at the
worlds top business schools
Student Default Rate
I
n
v
e
s
t
o
r

Y
i
e
l
d
*
Typical default range
*Based on historic levels of early repayment
Defaults and Effect on Return
INSEAD guarantee from 10% default
0% 1% 2% 3% 14% 13% 12% 11% 10% 9% 8% 7% 6% 5% 4% 15%
6.0%
5.9%
5.7%
5.5%
5.2%
3.9%
4.2%
4.5%
4.7%
5.0%
3.8%
Post-graduation Employment Industry*
Finance
Consulting
Public Sector / Social Impact (3%)
Primary Industries (3%)
Hi-Tech / Telecommunications
Consumer / Luxury Goods
Energy / Petroleum
Manufacturing
Healthcare (3%)
Other
41%
14%
10%
8%
6%
5%
7%
3.9% 3.9% 3.8% 3.8% 3.8%
Structure of the Investment
The bond is issued by a Special Purpose Vehicle, MBA Community Loans plc, and is listed on the Irish Stock Exchange. Investments are made
into a school-specifc single class of students, meaning each note is a separate ring-fenced tranche and the performance is independent of
other schools or classes. The bond's return is directly related to the repayment performance of the students. Individual defaults would
incrementally affect the return of the pool, as shown below. The INSEAD guarantee covers the portfolio from 10-20% default.
Loan servicing & portfolio management SPV management & programme trustee Auditors & tax advice Global paying agent & registrar
This document is a not a full prospectus and before making any decision to invest you should read the entire Prospectus and Final Terms for the Series, available at www. prodi gyf inance.com/insead/invest.
This product is not sui table for all investors, nor is i t intended as a complete investment programme, and you should take independent investment advice as to whether this product is sui table for you.
Past performance is no guide to future performance. This product is not a deposit and is not covered by the UK Financial Services Compensation Scheme (FSCS) or any equivalent overseas compensation scheme.
This investment has not been, and will not be, registered under the US Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold within the United States or to, or for the account or benefit of,
US persons (as def ined in Regulation S under the Securi ties Act (Regulation S)) except in certain transactions exempt from the registration requirements of the Securi ties Act.
This product may have limi ted or no liquidi t y and you may f ind i t di f f icul t or impossible to realise the value of your investment. You should be aware that by investing in this product you may lose some or
all of the money invested. You have limited recourse to the issuer of the security, no recourse to the borrowers, and there are other risks including those relating to the default or insolvency of the issuer who is not an
authorised or regulated frm.
The target return on the notes is fully dependent on the repayment performance of the students linked to the Series. The timing and amount of these repayments will determine the overall return on the Notes.
Prodigy Finance Ltd is an appointed representative of BriceAmery Capital Limited which is authorised and regulated by the Financial Conduct Authority. This document has been issued by BriceAmery Capital Limited as
a Financial Promotion under Section 21 of the Financial Services and Markets Act 2000.
Our Investor Relations Manager is here to answer all your questions.
Jenn Schwendeman | +44(0) 20 7193 2763 | jenn@prodigyfnance.com
Register now to see other investment documents: www.prodigyfnance.com/invest
Have more Questions?
Avg entry salary
post graduation
88,800
Avg
age
32 yrs
Avg
loan 35,616
Top Employers of INSEAD Graduates*
*These fgures are based on the entire 2012 INSEAD graduate class.
PFL_20131010_FC_INSEAD