AIG guaranteed bond

AIG is to launch a guaranteed stock market bond on 1 September linked to the FTSE 100 with a headlin...

AIG is to launch a guaranteed stock market bond on 1 September linked to the FTSE 100 with a headline income of 8% a year for four years. The Stock Market Income Bond, Series 2, also has a quarterly income option of 1.85% and a growth option of 34. The offer period lasts until 15 October. There is no initial bid/offer spread, annual management charge or any trail commission. Initial commission for IFAs is 3. Returns on the product are guaranteed but return of original capital invested is not. That depends on the performance of the FTSE 100. The performance of the FTSE 100 will be measur...