Scottish Life International is to launch a capital protected bond at the end of the month with retur...
Scottish Life International is to launch a capital protected bond at the end of the month with returns linked to a basket of three indices.
Launching on 27 October, the Protected Bonus Bond will provide 100% capital security and the opportunity for growth over a six-year and two-month term.
The minimum potential return is 18%, while the maximum is 54%.
Investors receive annual bonuses linked to the performance of the FTSE 100, Euro Stoxx 50 and S&P 500. Providing the closing levels of the indices are at or above their respective starting levels throughout the 10 working days prior to the fund anniversaries, a fixed bonus of 9% will be paid each year.
However, to assure the minimum return of 18%, two bonuses are certain to be paid at the end of the term, regardless of stock market performance. Minimum investment is £10,000 and there is no maximum investment. Investments can be made between 28 October and 13 December 2002.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation