West Brom knock out option

West Bromwich Building Society is offering a growth product linked to the FTSE 100 that features an ...

West Bromwich Building Society is offering a growth product linked to the FTSE 100 that features an early knock out option. If, after three years, the index level is 30% or more above its initial level, then the product terminates early and pays 130% at that time. Otherwise, the product continues until maturity, 11 July 2010, and offers at that time a minimum capital return of 100%, plus 120% of the rise in the index over the investment period. The product, Security and Performance Bond 1, opened for investments on 10 November and has a strike date of 4 January 2005. The initial and fi...