L&G launches lastest struc prod tranche

The six-year Growth Investment Plan Plus 18 includes an early payment feature, meaning that if the index increases by 12% or more at its third anniversary the investment will close, enabling investors to access their capital. If this is not the case, the plan will pay out at a level 50% higher than the growth trigger point to ensure investors are not disadvantaged if the stock market continues to grow. Investors in Growth Investment Plan Plus 18 receive ordinary shares in the Growth Investment Plus XVIII sub-fund of L&G's Protected Investments. Minimum investment is £500 for ISAs and ...