A protected growth plan offering 100% of any rise in the FTSE 100 over five years has been launched ...
A protected growth plan offering 100% of any rise in the FTSE 100 over five years has been launched by NDF.
The plan has no upper limit and 100% minimum capital repayment unless the index falls by more than 50% and fails to recover. It is targeted at private investors, companies and pension fund investors and can hold Isa and Pep transfers.
The 100% minimum capital return will also be invoked if the final index level is at or above the initial index level, which is the closing level of the FTSE 100 on 4 October 2002. The final index level is the lowest level between 5 September 2007 and 2 October 2007, when the plan matures.
In the event of the FTSE falling more than 50% and its final level being below its initial, the maturity payout will be reduced by 1% for each 1% drop in the index over the five years.
Minimum investment in the plan is £7,000 and maximum is £1m. There are no explicit initial or ongoing charges. The plan is available for investment from 12 August and closes on 20 September, or 6 September for Isa/Pep transfers. Initial commission to advisers is 3%.
The plan has received an 8.75 out of 10 rating from structured product analyst Future Value Consultants for basic rate taxpayers and nine for higher-rate taxpayers. The average rating for products of this kind is 6.75.
Contact 0800 328 1976 or visit www.ndfinvestments.com.
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