L&G product offers up to 20% growth

Legal & General has launched a structured product that links to three indices and offers up to 20% growth.

The return of the Capital Protected Triple Index Plan 1 is dependent on the performance of the FTSE 100, DJ Euro Stoxx 50 and S&P 500 over a five-year term.

If all three indices grow or stay at the same level, investors receive 20% growth plus their original investment. If two indices grow or stay the same, the return is 10%, and if only one grows, investors receive 5%.

However, if all three indices have fallen at the end of the term, investors only receive their original capital.

The minimum investment is £500.

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