HSBC links Isa to FTSE

HSBC is offering a five-year structured growth product until 23 July. The Performance Plus Isa 26 of...

HSBC is offering a five-year structured growth product until 23 July. The Performance Plus Isa 26 offers 100% capital return at maturity, plus 100% of the rise in the FTSE 100, capped at 65%. The initial index level is calculated as an average over the first two days of the product's life, 5 and 6 August 2004, while the final index level is calculated as the average of daily readings over the final year. The amount of interest is determined by the growth in the capital value of the FTSE 100. The product offers all the upside in the index, taking into account averaging in the final year of...