Growth Plan 6 offers investors the potential for a fixed bonus of 60% at the end of its five-year term.
The investment is structured to offer investors return of their initial capital plus a bonus if the FTSE 100 Index level at the maturity date (23 May 2017) is the same as, or above, the initial index level on the strike date (23 May, 2012). However, if the index level at the maturity date has fallen there is the potential that some or all of the original investment may be lost.
Similarly, 6 Year Growth Deposit Bond 13 has more than just a catchy title with a minimum return of 7.25% at maturity (1.17% AER), or if greater than 100% of any capital growth in the FTSE 100 Index (subject to averaging), up to a maximum of 50% of the original investment. The bond will also return the original investment at the end of the fixed six-year term.
Available for investment over an eight week period from 12 March until 4 May, the offer periods for both products span two tax years. Investors with available ISA allowance could therefore invest up to £21,960 in a stock and shares ISA (for Growth Plan 6) or in a cash ISA up to £10,980 (for 6 Year Growth Deposit Bond 13).
