Gilliat launches new structured growth product

Gilliat Financial Services today announced the launch of the first product in its Gilliat Lock-in Growth Series.

The Gilliat Lock-in Growth Series issue 1 is a five-year plan, aiming to pay investors pre-defined growth payments, plus the return of their investment capital at maturity.

The product can be linked to any combination of three asset classes, British equities, commodities and property. Each are linked to an underlying index.

British equities is linked to the FTSE 100 and aims for a potential return of 131.75%. Commodities is linked to the S&P GSCI -ER index and aims to return 134.50%, and property, linked to the FTSE EPRA/NAREIT Developed Europe Index, aims to return 132.30%.

The product has five designated observation dates during its five-year term.

If, on any of these annual observation dates, the underlying index is greater than or equal to its start value, the value of the growth payment is locked in. The original investment capital is then protected until maturity.

The product has a minimum investment of £3,000. It is available until October 23 for Isa transfers and November 13 for new Isa investments, direct investments and Sipp or Ssas investments.

Investment of the first issue will begin on November 20.

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