Premier Asset Management has launched the latest tranche of its UK 8% Income Plan.
The structured product is linked to the performance of the FTSE 100 and aims for a 8% annual gross income rate.
The plan offers 50% capital protection on the downside
The final payout is calculated based on how the FTSE closes on the last day of the plan’s five-year term. If the index is at least 50% of its starting level at the plan’s maturity, investors receive back all their original investment.
Simon Weldon, Premier’s sales and marketing director, says the plan has been designed to meet investor demand for income over capital growth in a difficult market environment.
Minimum investment in the product is £5,000. The offer period runs from March 23 to May 1 2009.
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