Pru International unveils Investec struc prods for bond

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Prudential International has added deposit-based investment plans from Investec Bank to its open-architecture bond, Portfolio Account.

The FTSE 100 Guaranteed Deposit Plus Plan 1 offers a choice of three time horizons with a bull and bear option for each, based on the movement of the FTSE 100 Index. The bull option pays out if the index finishes equal to or higher than its starting point, while the bear option pays out if it finishes equal or lower. The initial terms are: 1 year: 5.25% bull or 5% bear 3 years: 27.5% bull or 25% bear 5 years: 55.5% bull or 50% bear All investment options are available until 29 May 2009. Richard Leeson, head of UK business development at Prudential International, says...

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