Keydata has launched two structured vehicles linking to the Japanese Nikkei 225 and the FTSE 100. ...
Keydata has launched two structured vehicles linking to the Japanese Nikkei 225 and the FTSE 100.
Keydata's Japanese Dynamic Growth Plan offers investors double any rise in the Nikkei 225 Index, up to 100% of the original investment over a five-year term.
Capital is protected unless the index falls by more than 50% and its final value is lower than its start value. If this occurs, investors' capital will be subject to a 1% reduction for every 1% the index falls below its original level.
The minimum investment is £3,000 and commission is 3%. The plan is open until 7 March, with a Pep and Isa transfer deadline of 21 February.
Keydata is also offering the Relax UK Account, with growth linked to the FTSE 100. The offering is being targeted at matured or maturing Tessas and offers 100% capital security.
The initial investment is protected if the product, which is open for investment until 11 April, is held for the full term.
At the same time, Bristol & West has launched a Guaranteed FTSE bond offering 100% of the uplift in the FTSE 100 over five years.
The bond will pay out 30% if the index has grown 30% or more on the product's third anniversary. If this payment is not triggered, it will pay out 100% of the growth of the FTSE at the end of the five-year term.
The company is also launching a further tranche of its Global Guaranteed Equity Bond. The five-year version of the product pays 70% of the average growth of four indices ' FTSE 100, Nikkei 225, Swiss Market Index and the S&P 500. The seven-year version pays 80% of the average growth of the indices. It is open until 5 April 2003.
An interest rate of 4% will be payable on investments until the product closes. The minimum investment is £2,500 for the non-Isa bond and £3,000 for the Toisa or mini-cash Isa wrapper. Commission of 3.5% is available.
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