Investec is launching its 1 Year Range Deposit structured products into the retail market.
The products are designed to deliver returns based on the performance of the FTSE 100 index over the course of the product's one year investment term. The two versions of the product, the Bull and the Bear, allow advisers to choose a pay-off profile based on their view on the FTSE100 index over the next 12 months. The Bear Deposit pays 8% provided the FTSE100 remains within the range 3500-5500, 6% if the index remains within 3250-5500 or 4% if the index remains within 3000-5500. The product pays the better of the returns at maturity however, if the index falls outside the widest range...
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