Investing
New structured deposit launched by Legal & General offers 9.0% minimum return
01/06/2012
Legal & General has launched the 14th product in its long line of capital protected structured deposit bonds, which have now run since May 2010.
The new product, 6 Year Growth Deposit Bond 14, offers investors a minimum return of 9.0% at maturity (1.45% AER), or if greater 100% of any capital growth in the FTSE 100 Index (subject to averaging), up to a maximum of 50% of the original investment.
This Deposit Bond, which also marks the second anniversary of the series, opens for investment on Tuesday 8 May and closes on Friday 29 June 2012.The Bond will also return their original investment at the end of the fixed six year term, which is on 18 July 2018. If investors take out some or all of their money before the end of the fixed term they may get back less than they originally invested.
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