Bank of Scotland launch guarantee fund

There will be a dollar and sterling version of the product. The sterling version has a minimum investment of £10,000, while the dollar version is $20,000. The start date of the bond is on 27 April 2006. The product is structured so 50% of the customer’s capital is invested for one year at a fixed rate of 10% per annum, maturing on 27 April 2007. The other 50% is invested for five years, tracking the FTSE 100 Index, Swiss Market Index, Dow Jones Euro Stoxx 50 and the Nikkei 225. Investors get back 65% of the average rate of increase of the four indices over the five year period. This mature...