Legal & General Guaranteed Income and Capital Bond 4 launched

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Legal & General Guaranteed Income and Capital Bond 4 launched

Thu 28th Dec 2006

Investment firm Legal & General has announced the fourth plan in its capital bond series of guaranteed equity bonds.

The Legal & General Guaranteed Income and Capital Bond 4, which requires a minimum investment of £500, is aimed at giving investors more choice, allowing them to receive the income yearly or as a set amount after five years.

Those who choose the income annually will be give five payments at 5.5 per cent gross AER. Others with the Legal & Guaranteed Income and Capital Bond 4, who opt to receive the payment after five years, can do so at 5.39 per cent gross AER.

Another advantage of the new bond, which will be available from January 2nd, is that the investor's original capital is guaranteed and will be returned in full – whether the FTSE 100 Index falls or not.

Legal & General's sales director Jamie Vale said: "Our overall aim is to achieve an inflation beating return by offering investors exposure to the FTSE 100 Index growth potential with minimal risk to their capital."

Legal & General offers a range of investment opportunities including Index-Tracking Isas (individual savings accounts), UK property Isas and unit trusts.

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