CSFB plans protected Tessa-only Isa product

Global titans tessa plan to be benchmarked against world's 50 largest global companies

Credit Suisse First Boston is launching a five-year capital-protected Tessa-only Isa (Toisa) product offering returns based on the performance of the world's 50 largest companies. The vehicle, the Global Titans Tessa Plan, is the first equity-backed Toisa to offer investors an annual withdrawal option under which 10% of the starting capital can be taken out at the end of each year. Because it is a Toisa, only the original Tessa capital of £9,000 can be rolled over or transferred in. The minimum investment is £5,000. The product offers up to 55% capital growth, depending on the perfor...