Lloyds TSB offers protection on Bric exposure
Lloyds TSB is offering capital protection and index performance, up to a limit, above which a 7% coupon is payable for the four-year term. A direct investment may prove more bountiful.
The S&P Bric 40 (USD) index is designed to offer exposure to Brazil, Russia, India and China, and includes 40 leading companies from these countries. All constituents trade on developed market exchanges (Hong Kong Stock Exchange, London Stock Exchange, Nasdaq and the New York Stock Exchange).
Capital is protected at maturity, so investors receive the full return of capital at maturity (subject to credit risk) regardless of performance. The product offers 1:1 exposure to the performance of the S
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