NDFA launches June version of kick-out plan

Structured product specialist NDFA has launched a June version of its Twin Option Kick Out Plan, replacing April's product, which has now closed to new investment.

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Like its predecessor, the new plan will allow investors to choose between a FTSE100-linked product, yielding a potential 10.5 per cent a year, and a second option, which is linked to both the FTSE100 and the Nikkei 225 indices, with growth potential of 15.75 per cent a year.

In choosing this second option, investors have growth potential of up to 94.5 per cent over six years.

Early maturity is possible on five annual occasions, dependent on the performance of the relevant index or indices. In order to kick out, the underlying indices must be the same or higher than their starting levels on any early maturity date.

Capital is protected if neither index drops by more than 50 per cent from its starting index level during the investment term. Any losses within the second option would be linked to the worst performing index.

Minimum investment is £7200 and commission for IFAs is 3 per cent.

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