landg unveils latest structured deposit bond

Legal & General has issued its latest structured deposit bond based on the performance of the FTSE 100 during a six-year term.

landg unveils latest structured deposit bond


Its Six-Year Growth Deposit Bond 11 opens for investment today, 28 November, and will close to investors on 20 January next year. Its maturity date is 12 February, 2018.

The bond offers a minimum return of 9.25% at maturity and the potential for 100% of any capital growth in the FTSE 100, to a maximum of 50% of the original sum invested. The investment term starts on 8 February, 2012, and finishes on 8 February, 2018, at which time investors should also get a return of their original capital though this is not guaranteed.

Any return of capital depends on the money being paid to Legal & General by the deposit taker, Royal Bank of Scotland.

The growth of the FTSE 100 will be taken from its price at the close of business on 8 February next year and the average level of the index during the 12 months prior to maturity.


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