Legal & General launches limited-edition bond offer

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Legal & General launches limited-edition bond offer

Legal & General has launched a limited-edition offer on its six-year capital guaranteed bond seven, with an increased level of FTSE 100 index participation.

The offer is available for an eight-week period, ending on Wednesday April 30th 2008.

Legal & General's six-year capital guaranteed bond seven is a fixed-term deposit investment, which guarantees the return of an investor's original capital at the end of the term.

In addition, investors receive either 70 per cent of any growth of the FTSE 100 index or a return of ten per cent gross, whichever is greater.

Jamie Vale, Legal & General's investment development director, said that in the current uncertain economic environment it is important for "cautious investors" to have a safety net while still retaining the potential for extra growth.

"Investors' original capital is guaranteed and will be returned in full, even if the FTSE 100 Index falls, provided the investment is held for the full term," he added.

The group also announced today that its growth investment plan plus 13 will span two tax years, giving the potential for greater investment.
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