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.
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