HSBC unveils Tessa-only Isa

HSBC has confirmed the details of its Tessa-only, stock market-linked Isa rollover vehicle, the HSBC Performance Plus Isa, which will be open from 2 January 2001, writes Robert Stock. The HSBC PP Isa has been designed to accept the £9,000 original capital from maturing Tessas and is offering a maximum potential gain of 60% on top of capital invested during its five year lifetime. If the maximum potential gain on the HSBC PP Isa, which was designed to closely resemble its precursor, is realised, it would translate into final pot of capital of £14,400. The minimum guarantee of 125% return...