Capital Protected Bond from Anglo Irish Bank

The Anglo Irish Bank is launching a Capital Protected Bond, which offers investors 100% of any rise in the FTSE 100 over the next five years. The bond, which is 100% capital protected, will be available from 6 August to 12 September this year and it carries no explicit initial or annual charges. The returns will be based on the increase between the closing level of the FTSE on 12 September and the average level of its closing value at the end of each of the last 12 months of its five-year term. Added to this, if the FTSE rises by 30% or more at the end of year three, the fund will...