The 6 Year Growth Deposit Bond 14 offers 9% at maturity (1.45% AER), or if greater 100% of any capital growth in the FTSE 100 index, up to a maximum of 50% of the original investment.
The deposit bond is open for investment on 8 May and closes on 29 June, with a minimum investment of £500.
Investors’ capital is protected and their original investment will be returned at the end of the six-year term on 18 July.
David Beard, L&G’s business development manager, platforms and distribution, said: "The long-running success of this structured deposit series is due to its appeal for cautious investors on three levels.
"Firstly, the dual benefits of capital protection and a fixed minimum return at the end of six years present a clear and simple offer, which provides an alternative to simply leaving money on deposit.
"However, the third benefit – the potential to benefit from positive growth in the FTSE 100 Index – has also proved to be an attractive additional reason for savers who are seeking to inject some growth into their savings without risk to capital to invest in this product range."
