Structured product by Abbey Nat

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Abbey National Treasury Services and New Direction Finance Administration will launch a second tranc...

Abbey National Treasury Services and New Direction Finance Administration will launch a second tranche of their guaranteed Dublin-based stock market bond in February with a headline yield of 9.25%pa over three years, writes Jane Wallace. The Extra Income & Growth Plan II also has a growth option of 30% on maturity. Commission for IFAs is 3%. The offer period lasts until 10 March 2000. The plan is Isable. Returns on the product are guaranteed but return of the original capital is not, that depends on the performance of the Eurostoxx 50. If the level of the index does not fall from its star...

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