FTSE 100 issue from NS&I

guaranteed equity bonds

National Savings & Investments (NS&I) has issued a guaranteed equity bond offering 110% of any growt...

National Savings & Investments (NS&I) has issued a guaranteed equity bond offering 110% of any growth in the FTSE 100 index with capital protection. Issue seven of the group's bond has a five-year term and is on sale from 24 March to 18 May, but may close earlier if fully subscribed. Investments will earn 3.25% pa gross interest during the eight-week offer period, paid when the bond matures. NS&I has also introduced a new lower minimum investment of just £1,000 for this guaranteed equity bond, down from the £2,000 minimum the group normally applies.The bond offers a return equivale...