Eurolife is launching a one-year guaranteed bonus bond linked to the FTSE 100 which guarantees to pa...
Eurolife is launching a one-year guaranteed bonus bond linked to the FTSE 100 which guarantees to pay at least 9% regardless of the performance of the market, writes Robert Stock.
The income is free of basic rate income tax and CGT. The minimum investment is £5,000 and the maximum is £500,000, although larger investments can be accepted by special arrangement. Commission to IFAs is 2% initial.
While the bonus level is guaranteed the capital is not. Assuming the FTSE 100 does not fall below 90% of the closing level of the index on 30 June 2000, capital will be returned in full.
If the index falls below this level then the original capital will be at risk. Eurolife is offering enhanced returns for those who invest by 25 May. The rate is 9.3% for those investing between £5,000 and £24,000, rising to 9.4% on sums up to £99,000 and 9.5% for sums of £100,000 and above. Rates on corresponding applications received by 15 June are 9.1%, 9.2%, and 9.3%.
Once the bond matures the original capital can be reinvested for a further year at a rate to be announced or paid out. Any special deals available to investors rolling over into a second year term will be announced nearer to the rollover date.
Contact: 020 7454 0105
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