Commission-free FTSE digital

Legal & General has launched a digital structure with no commission aimed at fee-based advisers. Investors will receive annualised returns in excess of 9% if trigger conditions are met, but a 50% barrier means capital is potentially at risk

Legal & General has launched this three-year growth product linked to the performance of the FTSE 100 Index. The plan offers a potential return of 31% at maturity if the required conditions are met. Capital is not protected if the final index level is equal to or lower than 50% of its initial level at maturity, and, should the barrier be breached, investors stand to lose a significant amount of initial capital.

This type of structure is known as a digital. Generally, digitals offer a fixed