Latest issue HSBC plan 'unveiled'

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Latest issue HSBC plan 'unveiled'

HSBC has unveiled the latest issue of its Capital Protected Plan, with new features which will allow consumers to safeguard their money.

The HSBC plan allows consumers to invest in the stock market without risking their original capital.

Requiring a minimum investment of £3,000, the plan provides 100 per cent capital protection allied to 135 per cent growth in the FTSE 100 Index after a six-year period.

As an extra safeguard to investors, a new feature in the HSBC plan will enable investors to profit should the FTSE 100 Index grow by 30 per cent.

Malcolm Prince, head of multi-tie investments at HSBC, said: "The early release trigger has proved a popular feature with our customers in the past because it enables them to enjoy the early benefits of strong stock market growth without having to wait for their investment to run its course."

He also said that the terms on the latest issue of the HSBC plan were "outstanding", also stating that "this overall package is a first for the market".

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