The bond offers a minimum return of 13% at maturity (an annual effective rate of 2.05%) or an upside potential of 100% of any capital growth in the FTSE 100 Index (subject to averaging), up to a maximum of 50% of the original investment – whichever is greater.
It also aims to return investors’ original capital at the end of the six-year fixed term. However, those withdrawing some or part of their money before the end of the fixed term may get back less than they originally invested.
Minimum investment for the bond is £500 and it is available as a deposit plan for individuals, pension trustees, charities and corporate applications. Commission is 3% of the sum invested.
More details are available on L&G’s adviser website: www.landgstructuredproducts.com.
