Nvesta is launching a five-year index-linked plan for investors seeking either growth or income. ...
Nvesta is launching a five-year index-linked plan for investors seeking either growth or income.
Investors can choose between dynamic and cautious options and returns are linked to the FTSE 100 and S&P 500 indices.
The dynamic option offers either five annual payments of 8.1%, 60 monthly payments of 0.65% or 43% at maturity in October 2008.
The cautious option offers either five annual payments of 6.1%, 60 monthly payments of 0.47% or 33% at maturity.
Neither option requires any growth in either index to provide the maximum benefits. Capital will be returned in full if neither index falls by more than 30% during the investment term and then fails to recover by the maturity date.
If either index does fall by more than 30% and the final levels are below the initial level, the return will be based on the lowest performing of the two indices.
In the case of the dynamic option, the capital would be reduced by 2% for every 1% the final level is below the initial level. In the cautious option, the reduction is 1% for every 1% fall.
Graham Devile, managing director of Nvesta, said: 'Based upon the current FTSE level, traditionally the weaker of the two indices, the plan would require the index to fall below 2,800 in the next five years for investors' capital to be at risk.'
Minimum investment is £3,000 and the closing date is 19 September 2003.
For more information contact: 0207 454 0704.
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