The six-year product, which is linked to the FTSE 100 and Dow Jones Euro Stoxx 50 Indexes, provides capital protection unless either index falls by 50% or more during the term. If either index fails to return to its respective initial level by the end of the term, capital is reduced on a one-to-one basis of the worst performing index. Income or growth payments are unaffected by movements in the indexes.
Income payments are treated as dividends for tax purposes which means basic rate taxpayers
The week on Risk.net, March 10-16 2018Receive this by email