Premier and Barclays have joined other structured providers in launching products linked to the FTSE 100 and offering full capital protection.
Barclays' Protected FTSE Plan has a five-year term offering 100% capital repayment and 103% of any percentage growth in the FTSE 100 index over the term. The plan is open for investment from 1 March to 28 April and is therefore available for Isas for both the 2005/06 and 2006/07 tax years.
Investors are able to select a potential early maturity option at the outset, which, if chosen, means that should the interim index level recorded on 13 November 2008 be at least 20% higher than the initial level, the plan will mature paying out 20% growth.
Minimum investment in the plan is &4,000.
Premier's latest tranche of its Protected Growth Plan offers full capital protection over a six-year term. If it fails to meet any of the performance targets after six years, the plan will pay the full original investment plus up to 65%.
If the FTSE 100 is at least 20% greater than the start value at the end of year three, the plan will automatically mature and pay out the initial investment plus 20% growth.
Should the index not meet this goal, the plan will continue to year four, and if the FTSE is 35% greater than the start value after a further 12 months, it will mature at that point and pay out initial capital plus 35%.
If it fails to reach this target once again, it will continue to year five, maturing at the end of that year if the FTSE is 50% above the start level and paying out capital plus 50%.
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