Natwest adds plus product
Royal Bank of Scotland's (RBS) Natwest Life has changed one of its three regular structured products offerings. The Guaranteed Capital Bond IV has been replaced with Guaranteed Capital Bond Plus. The new product is six-years and offers at maturity
Royal Bank of Scotland's (RBS) Natwest Life has changed one of its three regular structured products offerings.
The Guaranteed Capital Bond IV has been replaced with Guaranteed Capital Bond Plus. The new product is six-years and offers at maturity the greater between 10% growth or 60% of the rise in the FTSE100.
Guaranteed Capital Bond IV, a five and half year capped call product that has been striking every fortnight for nearly three years, will be discontinued in a bid to freshen up the range and offer investors something different with a greater level of guarantee, according to Neil Saunders at RBS.
He added that the three and half year Guaranteed Capital Bond III and the five and half year Protected Bond will continue unchanged for the time being.
Since the Natwest Life range of products are structured as UK life bonds, payout is net of tax.
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