Merchant Capital launches lock-in growth plan

The five year deal returns offers 1.35 x the uncapped performance of the index at maturity. On each anniversary, if the index is at or above 110% of its initial level (the principal lock-in), the plan becomes fully capital protected. However, if index does not reach its principal lock-in level and decreases by more than 50% without recovering to its starting level, capital is at risk. Morgan Stanley is counterparty for the plan. John Gracey at Merchant Capital says: "We believe the possibility of full capital protection within this new structured growth plan is an important feat...