Legal & General’s Growth Investment Plan Plus 8

Legal & General’s Growth Investment Plan Plus 8 provides investors with 130 per cent of any capital growth in the FTSE 100 Index over a six year term (maturing on 20 June 2013) plus capital protection (at maturity).

Growth Investment Plan Plus 8 will be open for investment for a limited (eight week) offer period from Monday 23 April to Friday 15 June 2007.

In addition, the plan includes an early payment feature (sometimes referred to as a ‘kick out’ feature), which means that if the FTSE 100 Index grows strongly the investment could close early. The early payment feature will be activated if the FTSE 100 Index has grown by 15% or more at the third anniversary.

If the early payment feature is activated, the investment will close and there is no option for the investment to continue.

Legal & General’s Sales Director (Protected Capital Products), Jamie Vale said: “For cautious investors who are looking for capital preservation plus higher medium to long term returns than are available on deposit, our Growth Investment Plan Plus series has been extremely popular to date. This further increase in potential return from FTSE 100 Index growth should prove attractive to investors who remain concerned that the equity market has displayed a degree of volatility in recent months but may be looking to invest out of cash and into the stock market. ”

Jamie added: “Since we first entered the protected capital product sector in 1995, we have sold well over a billion pounds and have thousands of customers who have reinvested with us over recent years. Our policy of seeking to build long term relationships with both IFAs and their clients and providing a consistent flow of value for money, transparent and simple ‘Dublin registered’ products has been the key to our success. Our focus on the UK, our plans link to the performance of the FTSE 100 Index, and the financial strength of Legal & General may also be factors that add a degree of comfort to their investment choice.”

Investors in Growth Investment Plan Plus 8 receive ordinary shares in the Growth Investment Plus VIII sub-fund of Legal & General Protected Investments plc (which is a Dublin based company, authorised by the Irish Financial Services Regulatory Authority with a shelf life of 10 years).

Investment is available as a maxi ISA, mini stocks and shares ISA, for PEP/ISA transfers and direct share investment. The minimum investment is £500. The maximum investment for Maxi ISAs is £7,000 and for Mini stocks and shares ISAs £4,000. There is no limit for PEP/ISA transfers and direct share investment. This investment does not take account of dividends that would be available through holding shares directly in the companies that make up the FTSE 100 Index.

Although capital is protected at maturity it is not guaranteed. In order to provide the capital protection and stated return the money is invested with high quality financial institutions with at least an ‘A’ or ‘A2’ financial strength rating (source: major global rating bodies). These institutions are considered financially secure by their nature. It is only in the event that they default on their payments that Growth Investment Plan Plus 8 will be unable to meet its stated objectives and investors will not get back all of their original investment or the stated return.