NDF and Citigroup prepare capital protected portfolios

structured products

Citigroup and NDF have both launched capital-protected structured products with upside linked to th...

Citigroup and NDF have both launched capital-protected structured products with upside linked to the FTSE 100. Citigroup's six-year Protected Growth Plan offers return of capital on maturity plus the greater of 22% growth or 50% participation in the rise in the FTSE 100. The product opens on 26 April 2004 and closes on 4 June, with a strike date of 11 June, and the final index level is taken as a daily average of readings over the final year. NDF's three-and-a-half-year Prime Growth Plus product offers 100% capital protection plus the greater of 10% growth or 50% participation in the ri...