Logo

Market Leading Participation Rate Triple Benefit Bond

Posted in: Products Last updated: 16 May 2006

A new Guaranteed Equity Bond with a market leading participation rate is now available, provided by Abbey exclusively through Engage Mutual Assurance. The bond offers those with £1000 or more to invest over five and a half years, 120% of any growth of the FTSE 100, with a guarantee to return at least your money in full at the end of the fixed term.

Guaranteed Equity Bond 120% Issue 1 – Offer Period 18th April 2006 to 27th June 2006

Issuer

Strike Date 

Product 

Term 

Minimum Return

Engage Mutual Assurance

27th June 

Capital Guaranteed Equity Bond 120 

51/2 years 

100%

Bristol & West

14th June 

Guaranteed FTSE Bond 23 

6 years 

100% 

Britannia Building Society

14th June 

Guaranteed Capital Bond 

5 years 

100% 

 

Information taken from www.structuredretailproducts.com

A new Guaranteed Equity Bond with a market leading participation rate is now available, provided by Abbey exclusively through Engage Mutual Assurance.

The bond offers those with £1000 or more to invest over five and a half years, 120% of any growth of the FTSE 100, with a guarantee to return at least your money in full at the end of the fixed term.

The limited edition bond is expected to attract wide interest thanks to a hat-trick of benefits:

1.120% of any growth of the FTSE 100 – growth is averaged out over the final 12 months of the investment

2. A full total capital guarantee to return at least 100% of the original investment at maturity

3. Tax free growth when taken as a Cash Mini ISA

Andrew Haigh, Chief Executive at Engage, comments, “Investors want stock market-linked growth without risking their capital. The Guaranteed Equity Bond 120 offers investors a triple win, because there’s no risk to the original investment if the bond is held to maturity, if the index does grow, investors receive 120% of the growth and the investment can be held tax-free as a Mini Cash ISA.”

The bond strike date is 27th June.

IMPORTANT PLEASE READ:

If the index stays the same or falls, investors are guaranteed to get their capital back but the effect of inflation could mean that it’s worth less in real terms than it was when the money was originally invested. Investing in the Bond can be done tax-efficiently as a Cash ISA, but, depending on how the investment is made, there may be some tax to pay. It’s important to remember that if the Bond is cashed in early, investors may get back less than originally invested.