Scot Mutual fixes bond for five years

Scottish Mutual is to launch a five-year structured product providing income and capital growth options. Available from 1 October to 9 December, unless fully subscribed earlier, the Choice Income Bond offers 5% annual or 0.4% monthly income net, equivalent to 6.25% and 0.5% gross respectively, or 26% net growth at the end of the term, equivalent to 32.5% gross. Linked to the performance of the FTSE 100, investors will receive back their initial capital in full provided the index does not drop more than 40% from the initial level during the tracking period and the final level is not low...