Legal & General (L&G) has launched a Six Year Growth Deposit Bond 21, which opens for investment for eight weeks from 24 June onwards and closes on 9 August 2013.
The minimum return on the Bond, which is return of capital, remains unchanged from the previous issue. The ‘participation rate’ offers savers a potential return of 125% of the growth in the FTSE 100 Index up to a maximum value of 35% gross of the original investment.
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If investors take out some or all of their money before the end of the fixed term they may get back less than they invest.
James Harrington, head of structured solutions, said; "We are pleased to be launching another new product in the Six Year Growth Deposit Bond series. It continues to prove a popular choice with advisers and their clients and is now our longest running structured deposit, having been on sale since this series launched in May 2010.
"Perhaps given the recent Bull Run on equities, Growth Deposit Bond will appeal to cautious investors who would like the opportunity to benefit from further FTSE 100 Index growth with the reassurance of the return of their original investment at the end of the six year term, even if the FTSE 100 Index falls."
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