Britannia locks in gains

News

Isle of Man-based Britannia International has issued a FTSE bond with the added security of locking in index gains. The Guaranteed Lock-in Bond, made available on April 4, locks in FTSE 100 gains of 20%, 30% and 40% at all times except for the final year of investment.Upon its maturity in January 2011, the capital-guaranteed product pays out either the highest locked-in level or 100% of the rise in the FTSE, whichever is greater. Minimum investment is £10,000, or £5,000 for existing customer

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