Investors will receive the maximum potential return of 22% if the FTSE 100 index is higher than or equal to the initial index start date at the end of the products four-year term on 22 July 2015.
Open to investment between 16 May and 15 July this year, the fund has a minimum investment of £1,000 (£500 for ISAs) and uses HSBC Bank as a primary counterparty, with RBS and UBS as counterparties in case a top-up is required.
The counterparties provide additional collateral in the form of government bonds with a minimum AA rating.
“As the Bank of England continues to hold rates at unprecedented lows, the challenge for UK investors remains: how to secure returns without moving up the risk scale,” said John Clougherty, chief executive at Aviva Investors UK Fund Services.
