Aldermore Bank has launched its first retail structured product in the UK market. Guaranteed Return Bond comes in two variants, one with a digital structure and the other offering uncapped participation in the FTSE100. Both are five-year options paying a fixed return of 5% alongside the initial investment.
Guaranteed Return Bond Fixed Option pays a bonus return of 35% as long as the FTSE100 remains at or rises above its initial level at maturity. Guaranteed Return Bond Growth Option provides 90% participation in the rise of the FTSE100 over the investment, with daily averaging taken throughout the final three months of the term.
The deposit is available until 22 July 2010.
These products are available now in Recent Additions (UK).