Standard Life Bank moves into structured product space

Standard Life Bank has launched a structured product designed to give capital security in an uncertai...

Standard Life Bank has launched a structured product designed to give capital security in an uncertain economic environment. The Capital Protected Bond is a fixed term investment of five years, with growth linked to the upside of the FTSE 100. The bond offers 100% capital protection on the downside, and a participation rate of 165% of index growth, with growth capped at 55%. There is no early exit option. Garry Mullen, proposition marketing manager, said a version of the product was made available to consumers only in 2004 and was well received. The group decided to offer this product ...