The Woolwich is to launch a further tranche of its Capital Growth Plan, which offers 100% of the ret...
The Woolwich is to launch a further tranche of its Capital Growth Plan, which offers 100% of the returns of the FTSE 100 over five years, while also providing full capital protection.
Investors can also choose at outset to select the Potential Early Maturity option. Under this, if the growth in the FTSE 100 is greater than or equal to 20% at the halfway point of the plan, the product matures early and investors receive 100% capital repayment plus 20% investment growth.
If the growth in the index has not reached 20% by the halfway point, the plan will continue to the end of the five-year term and pay out 100% of capital plus 100% of the rise in the FTSE 100, subject to averaging over the final year.
The Woolwich is also re-issuing its Capital Plus Plan, which is designed to give investors the greater of 23% growth or 50% of the rise in the FTSE 100 index after five years. Capital is also fully protected under this vehicle.
The growth is dependent on the index not falling by more than 40% from its initial level over the term, in which case the investor will receive no growth.
Both products open on 18 October 2004 and close on 20 December. In each case, the minimum investment is £3,000 and advisers are offered 3% commission.