Scottish Life International has produced a protected bond designed as an alternative to with-profits...
Scottish Life International has produced a protected bond designed as an alternative to with-profits investing.
The Protected Bonus Bond Series 2 aims to provide 100% capital security over a six- year and two-month term. In addition it will offer investors a return of between 18% and 54% depending on the performance of the FTSE 100, EuroStoxx 50 and S&P 500.
The bond gives an annual bonus of 9% providing the closing levels of the indices are at or above their respective starting levels, the date the product is launched, throughout the 10 business days up to and including each bond anniversary.
Scottish Life International said two bonuses will be paid at the end of the term regardless of stock market performance.
Minimum investment in the bond is £10,000 and there is no maximum. Investments can be made until 28 March and all bonuses will be paid at the end of the term.
Scottish Life International is based in Douglas, Isle of Man.
For more information go to www.sli.co.im.
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