Aviva Investors has launched its fourth structured product linked to the FTSE 100 index.
Defined Returns Fund 4 offers capital protection to investors as long as the FTSE 100 does not fall over the five year period by more than 50% from its starting level taken on 7 May.
If the FTSE is at or above this level by 8 May 2012, investors receive back their initial outlay, plus 13%.
If the FTSE is at this level one year later on, investors get back their outlay plus 19.5%
By 2014 they get back their outlay plus 26%, and the outlay plus 32.5% if the benchmark is at or above its starting point by 7 May 2015.
If the FTSE falls, by contrast, by more than 50% from its starting point, investors risk losing part of their outlay.
John Clougherty, chief executive, Aviva Investors UK Fund Services, says: "The Aviva Investors Defined Returns Fund 4 offers investors a five year term and an attractive level of return given the low interest rate environment in the UK."
The offer period for the Aviva Investors Defined Returns Fund 4 begins on 8 March and ends on 30 April.
The minimum investment is £1,000 for direct investments and £500 within an Isa.
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