Invesco is launching a five-year offshore bond linked to a portfolio split between four of its offs...
Invesco is launching a five-year offshore bond linked to a portfolio split between four of its offshore equity funds.
The portfolio that the Invesco Capital Protected Equity-Linked Bond is linked to includes 10% in the Invesco UK Equity fund, 50% in the Invesco American Equity Core fund, as well as 15% in the Invesco GT Nippon Growth fund and 25% in the Invesco GT Continental European fund.
The bond will allow investors to benefit from 70% of the growth of the portfolio over five years. It guarantees to return the capital invested over five years, after the 5% initial charge is taken into account, if the value of the portfolio falls over five years. The guarantee of capital return is only applicable if the bond is held until the maturity date of 4 January 2007.
The bond is available only to UK institutions and offshore professional investors and the minimum investment is $5,000 or the sterling or euro equivalent. Investments can be made in sterling, euros or dollars. The closing date for the offer period is 14 December 2001.
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