Lloyds TSB offers protection on Bric exposure

Lloyds offers you protection

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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