HSBC launches income and capital growth product

HSBC Investments has launched an income and growth structured product aimed at cash Isa and Toisa investors. The HSBC Guarantee Capital Account (GCA), available until 13 April, has been designed on a 50-50 basis, with half the capital invested exposed to the income portion and half allocated to capital growth. This is achieved through participation in the growth of the FTSE 100. The income is payable monthly or rolled up at maturity. The growth portfolio provides 55% participation in the FTSE 100 on a six year basis. On a six-year term, the GCA income portion provides interest 1.05% abov...