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Home > Investments > Structured Products

By Donia O'Loughlin | Published Jun 19, 2012

Cater Allen rolls out latest structured deposit

Cater Allen Bank, part of Santander UK, has launched a deposit based product offering investors 200 per cent participation in FTSE 100 index growth, with a maximum return of 45 per cent of their initial investment, and 100 per cent capital protection at maturity.

The Cater Allen Enhanced growth plan 11 offers a return equivalent to two times any increase in the FTSE 100 index at the maturity of the six-year term, capped at 45 per cent, equivalent to 6.39 per cent AER.

Monthly averaging over the final year eases against any market volatility, the bank stated.

The plan also offers 100 per cent capital protection, providing the plan is kept to maturity, with the investor’s deposit returned in full at the end of the fixed term even if the index has fallen.

Cater Allen claims this makes the product ideal for investors wanting to get back into equity markets but nervous of capital risk.

Peter Beavis, sales director of Cater Allen Bank, said: “The Cater Allen Enhanced growth plan 11 allows investors exposure to market growth whilst reducing the risks associated with any fall.

“As an enhanced growth product, it also means that clients augment the market returns as they receive 2 per cent for every 1 per cent of index growth.”

The plan requires a minimum deposit of £5,640 and is suitable for 2012 to 2013 cash Isas and Isa transfers.

The product can also be used within an offshore bond wrapper, self invested personal pension or small self administered schemes for additional tax efficient benefits.

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