The Plan offers repayment of capital plus a defined return as long as the level of the FTSE 100 Index on the second anniversary, or subsequent anniversaries, is equal to or above the starting level. It has a six year investment term, with a kick out should the defined payment feature activate on any anniversary between the second and fifth.
Potential defined return payment increases on each anniversary from the second, to a maximum 42% on the date of close.
Capital will be at risk, and investors could lose the initial commitment if the level of the FTSE 100 falls more than 50% from the starting level at the end of the six year term. Percentage capital losses will mirror percentage index falls.
The plan is hedged by securities issued by Barclays, and is managed by L&G. The minimum investment is £3000.
