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This is Protean Investments' first offering to UK retail - a six-year growth product returning a payment at maturity equal to the rise in the Retail Price Index (RPI) plus a fixed return of 18%. Capital is not protected at maturity if the 50% closing day barrier is breached by the FTSE 100 and the index fails to recover to its initial level by maturity.
The RPI is a measure of UK inflation reflecting the movement of prices in a basket of goods and services. Th