Aviva Investors has launched its latest FTSE 100 structured product.
The Defined Returns fund 5 runs for five years, but may mature early on each annual anniversary if the index is equal to or higher than its starting level. The potential return on each of these anniversaries is equivalent to 6% per annum.
Initial capital will be returned in full as long as the index has not fallen by more than 50% at maturity. Otherwise, investors may lose capital on a 1:1 basis in line with the index.
The plan is available until 20 August 2010, set at a minimum of £1,000. It is available for direct investment or as an ISA, with commission at 3%.
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November