Online bank Egg is launching a three-year guaranteed equity bond offering a 23% return if the FTSE climbs over the next three years.
The Citigroup-owned UK firm says there is no risk of an investor losing their capital as long as the bond is held for the full investment term.
Investments can be from £1,000 to £1,000,000 and the offer is only available until 7 December.
Jonathan Gains, head of investments, Egg Banking, says: “In today’s financial climate some savers are seeking investments which mitigate the risk of investing directly in stocks and shares.
“With this in mind we have launched the Egg Guaranteed Equity Bond to offer customers a great opportunity to get potentially higher returns than they might get from a savings account, without risking their capital at the end of three years.”
Egg was sold to Citigroup by Life insurer Prudential at the beginning of the year for £575m.
At the time, the Egg business was struggling in the highly-competitive UK personal finance market and was estimated to have made an operating loss of £145m in 2006.
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