SG launches range-defined income product

This six-year product from Société Générale offers UK investors an annual income stream as long as the FTSE 100 index remains within a specified range during each year of the investment. Capital is fully protected at maturity

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Société Générale has launched the second edition of its UK Range 7 Deposit Plan - a six-year deposit product linked to the FTSE 100 index. The plan offers potential annual interest of 7% provided the closing level of the index stays within a specified range on every trading day during the year. Capital is fully protected at maturity regardless of the performance of the underlying.

Range products are often symmetric and typically offer investors the opportunity to achieve returns regardless of

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