Prudential in structured product move

Professional Adviser
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Prudential this week launches a structured product, offering 60% of the growth of the FTSE 100 with ...

Prudential this week launches a structured product, offering 60% of the growth of the FTSE 100 with capital protection, or an annual income of 7.75%. Under the income version of the Prudential Growth & Income Plan 4, the product pays 7.75% per year or 0.62% monthly but capital is at risk if the index falls 40% or more. In this case original investments will be subject to a two for one drop if at the end of the product's life the FTSE is lower than its starting level. For the growth option 60% of the growth of the FTSE is paid and capital is fully protected whatever happens to the ...

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