Britannia rolls out guaranteed bond

UK distributor Britannia International has launched the eighth issue of its Guaranteed Capital Bond, which is designed to provide exposure to the FTSE 100 index.

The five-year 100% principal protected trade offers a potential return of 23.5% at maturity if the final level of the index is greater than or equal to the initial level. The final index level is determined by averaging over every business of the last 12 months of the plan.

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