engage Guaranteed Equity Bond 120 package unveiled

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engage Guaranteed Equity Bond 120 package unveiled

Thu 18th May 2006

A new engage Guaranteed Equity Bond 120 package has been launched and offers a return of 120 per cent of any growth in the FTSE 100 index and a guarantee that 100 per cent of the invested capital will be returned by the end of the fixed term.

The bond is available to those with £1,000 or more to invest and will run for five and a half years.

When the engage Guaranteed Equity Bond 120 package is taken as a Mini Cash Isa it will also offer the benefit of tax-free growth, according to the company.

Andrew Haigh, chief executive of engage, claims that the launch of the product is based on customers' interest in investing in the stock market without risking the initial capital.

"The Guaranteed Equity Bond 120 offers investors a triple win, because there's no risk to the original investment if the bond is held to maturity, if the index does grow, investors receive a rate of growth that's 20 per cent above the FTSE 100 index and the investment can be held tax-free as a Mini Cash Isa," Mr Haigh said.

The commencement date of the engage Guaranteed Equity Bond 120 package is June 27th.