Lehman launched version six of Enhanced Returns Plan
Lehman Brothers has launched the sixth version of its enhanced returns plan. The product comes with both three and five-year options and is linked to the performance of the FTSE 100 index. Potential return rates are the highest so far in the series, with a 3% increase on each option from version five.
The three-year version of the plan pays a fixed return of 30% at maturity provided that the FTSE is either at or above its level at strike. The five-year version will pay 60% under the same conditions for the index. The investment is 100% capital protected at maturity. The product is being offered in partnership with Defined Returns Limited, the plan manager.
It is open for direct investment until
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