Scottish Life International is launching the Series Six of its Income & Growth Bonus Bond. The b...
Scottish Life International is launching the Series Six of its Income & Growth Bonus Bond.
The bond uses a similar formula to its predecessors, giving investors a choice of receiving a gross annual income of 11.2%, a gross quarterly income of 2.7% or a potential investment return of 135.6% over the three-year and two months term.
The bond is linked to the performance of the FTSE 100, Standard & Poor's 500 Index and the Euro Stoxx 50. An element of risk of capital loss poses if any of the indices fall by more than 25% at any given time during the investment term and fails to recover.
With a minimum investment of £10,000, the bond is on offer between the 24th September and 9 November. No set up charge, policy fee or management charge apply, but the commission payable to IFAs is3.5%.
Neil Lovatt, marketing development manager at Scottish Life International, comments: "Given recent cuts in interest rates worldwide, we are pleased to maintain income levels for Series 6 at 11.2% gross. We have also continued to link returns to three broad stockmarket indices, as opposed to many of the other current product offerings that are linked to smaller baskets of volatile individual stocks. In addition, the fact that the stockmarket levels are currently at low levels means that our 25% safety feature provides excellent capital protection."
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