Woolwich Life this week launches a capital guaranteed bond linked to the FTSE 100 offering a return ...
Woolwich Life this week launches a capital guaranteed bond linked to the FTSE 100 offering a return of up to 138% of the original investment after five years.
Between £6,000 and £500,000 can be invested in the Guaranteed Equity Bond. On maturity, a return based on the growth of the FTSE 100 index is payable up to a maximum of 38% of the original investment. If the index has fallen from its starting point on maturity of the bond, the original investment is returned as a minimum. Investors may not get a full return of capital if the bond is cashed in early.
At the end of the five year term, an average of the FTSE 100 over the final 12 months is taken to calculate the potential investment return. This means investors would not feel the full effect of a sudden drop in the index at the end of the term. Equally, if there was growth in the last year, investors would not benefit from the full effect of this.
For more information contact 01737 783316.
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