Legal & General (L&G) has launched a six-year structured product, which is linked to the FTSE 100 and offers two potential bonus options.
The L&G Early Bonus Plan 13 enables an early exit feature. It generates a fixed payout from the second year onwards, which is dependent on the level of the FTSE 100 on any applicable anniversary.
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The first option pays a bonus when the level of the FTSE 100 on any of the applicable anniversary dates is higher than or the same as the initial level of the FTSE 100 Index taken on the start date.
The second investment pays a bonus if the level of the index on any of the anniversary dates is the same or higher.
L&G business development manager, David Beard, said: "Our Early Bonus Plan dual option autocall product has proved popular with clients. Offering a choice of a more defensive option does appear to have widened the appeal of this capital at risk product for clients investing new money or funds from existing investments."
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