Second M&G Isa installment

M&G offered a second installment of its protected Isa product. Like the original offering, investors...

M&G offered a second installment of its protected Isa product. Like the original offering, investors were guaranteed their money back at the end of the product's five-year life, but provided the opportunity to receive 100% of any growth in the FTSE 100, capped at 60%. The first issue was not capped and offered investors 80% of any growth in the FTSE 100. The growth in the level of the FTSE 100 during the five-year period was calculated as the average over the last six months of the term.