Jubilee Financial Products has issued a new structured product which offers exposure to UK equities and inflation.
The six year Real Growth plan offers a return equal to the greater of 100% of any rise in the FTSE 100 or 100% of any rise in UK RPI, with no upper limit.
Investors receive 100% of their capital, as long as the FTSE 100 never closes at or below 50% of its initial level on any trading day. Otherwise capital is at risk.
A growth payment will be made as long as the inflation index is above its starting level on maturity.
Abbey National Treasury Services serves as the counterparty for the plan.
The plan is open for investment until 28 May 2010, set at a minimum of £10,000. It is eligible for ISA and SIPP with commission available at 3%.
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