Cater Allen launches FTSE-linked plan

Cater Allen Private Bank has unveiled a FTSE 100-linked structured product with the option of two te...

Cater Allen Private Bank has unveiled a FTSE 100-linked structured product with the option of two terms. The three-and-three-quarter-year plan provides capital protection plus 15% of the initial investment, if at maturity the index has increased by any amount from its starting level. If the FTSE is lower or the same as its opening level when the plan closes, investors will receive their original capital plus 0.25% of the initial investment. The five-and-a-half-year plan also provides capital protection plus 30% of the initial investment, if the index rises over the plan's term. If a...