Scottish Widows has launched a new structured product that gives investors the chance to capitalise on the growth of the FTSE 100.
The Capital Protected Fund 14 requires a minimum investment of £3K for a six year term. On maturity, the product pays 150% of the growth in the FTSE 100 up to a maximum of 45%, plus return of capital.
The product is also available within an ISA wrapper. Potential returns are subject to Capital Gains Tax. The offer closes on 12.2.10, while the start date is 26.2.10.
Investors must have confidence in the index, as with no minimum guaranteed return, the possibility of redeeming only their capital at the end of the term remains.
Despite this, the product has been awarded four out of five Moneyfacts stars.
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