New options for Legal & General Tracker Bond

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New options for Legal & General Tracker Bond

Legal& General are guaranteeing investors a return of up to 60 per cent of their investment with the choice of two new Tracker Bond options.

The product, which tracks the performance of the Legal & General Money Builder (Investec) Fund, is available in two options.

Option one guarantees the original capital and 100 per cent participation linked to the Money Builder Fund, to a maximum of 50 per cent of the original sum paid in.

Meanwhile, the second option again guarantees the original capital and gives either ten per cent minimum return, or 60 per cent participation linked to the Money Builder Fund, depending on which total is higher.

Legal & General's business development director for savings Jamie Vale said the new products are designed for "clients who are seeking an opportunity to benefit from greater potential investment returns over the medium to long term with the security of knowing their capital is guaranteed".

The financial services provider has previously launched a Capital Guarantee Bond, which promised the original investment, plus 14 per cent gross (3.8 per cent AER) if the final rate was equal to or above the Initial Index Level of the FTSE 100 Index.

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