Keydata is to launch a six year structured product linked to the FTSE 100 next week. The FTSE Growth...
Keydata is to launch a six year structured product linked to the FTSE 100 next week. The FTSE Growth Builder has two options, one with lower returns and a guarantee and another with higher potential returns and no guarantee.
Investment Option 1 locks in growth of the FTSE each time it rises by 20%, up to a maximum gain of 100% and the original capital is also protected unless the FTSE falls by 50% or more.
If the index does fall by 50% or more at any time, the initial investment is subject to a one-for-one fall in line with the level the FTSE is at at the end of the product's life compared with its start level.
Investment Option 2 locks in half of any 20% rise in the FTSE 100 but the original sum invested is guaranteed. Final returns are calculated on a spot price basis and there is no final year averaging. The plan is available from 23 June and the start value is determined on 29 August 2003. There is a £3,000 minimum investment and a commission of 3% is available. There are no explicit charges on the product.
£1bn business since inception
Considered doing so in 2015
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