Bringing you live news and features since 2006 

Merchant launches capital and income lock-in plan

RELATED TOPICS​

Merchant Capital has launched a new income plan, The Merchant Capital Income Plan: Capital & Income Lock-In, offering a maximum annual income of seven per cent per annum (1.75 per cent paid quarterly). 

The plan is based on the FTSE 100 Index.
 
Income of seven per cent per annum is paid quarterly (1.75 per cent per quarter) providing the FTSE 100 does not fall by more than 40 per cent on quarterly observations.
 
There is full capital protection and locked-in future income if the FTSE 100 is 25 per cent above its initial level on any annual anniversary date.
 
If the final level of the FTSE 100 is more than 40 per cent below its initial level, there will be some or full loss of capital. However, if the FTSE 100 is 25 per cent or more above its initial level on any anniversary date, capital becomes fully protected.
 
It is available as a direct investment, stock and shares Isa for tax year 2010/11 and for Isa transfers.
 
The minimum investment is GBP5,000 up to a maximum of GBP2m.
 
John Gracey, director of structured products at Merchant Capital, says: “Our aim is to be the largest independent structured product provider in the UK retail market and a provider of innovative but straightforward structured products offering investors a real alternative to other plans in the market.
 
“Our latest product is a new competitive income structured product investment plan, backed by a well known UK bank. It offers income at a rate of seven per cent per annum in an environment where there remains considerable doubt as to when it will be possible to raise interest rates without jeopardising the fragile recovery of the world’s economy.”

Latest News

EFAMA has published its latest Monthly Statistical Release for May 2024...
Solactive writes that it has expanded its collaboration with Kiwoom Asset Management by providing the underlying indices to the KIWOOM..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor interest in private markets, high..
Matteo Greco, Research Analyst at Fineqia International, writes that bitcoin (BTC) ended the week at approximately USD68,150, marking a 12.1..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by