Legal & General has launched the twelfth product in its long running series of structured deposit bonds, which commenced in May 2010.
The new product, 6 Year Growth Deposit Bond 12, opens for investment on Monday 23 January and closes on Friday 9 March 2012.
This Deposit Bond offers investors a minimum return of 8.00% at maturity (1.2% AER), or 100% of any capital growth in the FTSE 100 Index (subject to averaging), up to a maximum of 50% of the original investment, which ever is greater. The Bond will also return their original investment at the end of the fixed six year term, which is on 28 March 2018. If investors take out some or all of their money before the end of the fixed term they may get back less than they originally invested.
Legal & General’s Head of Commercial Implementation, Platforms & Distribution, James Harrington said, “The potential to benefit from positive growth in the FTSE 100 Index, while protecting their original capital from the risk of a fall in the value of the stock market, is proving an attractive proposition for cautious investors who are seeking to inject growth into their savings. The added benefit of a fixed minimum return at the end of the six years means that this style of Structured Deposit Bond could appeal to investors who are holding money on deposit.”
The minimum investment is £500 and the Bond is available as a deposit plan (for individuals, pension trustees, charities and corporate applications), new cash ISA applications (up to a maximum of £5,340) and for cash ISA transfers for which there is no maximum.
The last date for ISA transfers is 24 February 2012 to allow time for completion of the transfer before the offer close date. The closing date for all other applications is 9 March 2012.
Commission is 3% of the sum invested. Full details for this product are available on the Legal & General dedicated adviser website.
Advisers can also contact Adviser Direct on 0845 273 0008 (Lines are open from 9am to 5pm Monday to Friday. We may record and monitor calls. Call charges will vary)
