Cater Allen launches the Capital Guaranteed Growth Plan 2

Cater Allen Private Bank announces the launch its latest FTSE 100 Index linked structured deposit, the "Cater Allen Capital Guaranteed Growth Plan 2" (available from Monday 3rd August, 2009). This new plan offers investors a six year FTSE 100 linked structured deposit, which is 100 per cent capital guaranteed at maturity.

If held to final maturity after 6 years, the Cater Allen Capital Guaranteed Growth Plan 2 offers the benefit of any rise in the FTSE 100 Index, with no upper limit on return at maturity. There is the possibility for early maturity at the end of years three, four and five subject to FTSE 100 Index meeting defined growth criteria on specified observation dates. If the investment matures early, customers receive a fixed payment equivalent to 20 per cent (Year 3 maturity), 30 per cent (Year 4 maturity) or 40 per cent (Year 5 maturity) of the original investment, plus the return of Initial Investment. The growth is not compounded.

Ricardo Marin-Bataller, Head of Structured Products at Cater Allen Private Bank, commented: "People are starting to talk of a market recovery, and while there are no guarantees, we have developed a product perfectly placed for investors to capitalise on the medium term rise in the FTSE Index.

"This is the second tranche of the Capital Guaranteed Growth Plan that we have launched this year and it is the first time that we have two structured products in the market at once, again showing our commitment to developing a suite of structured products. Our investors also have peace of mind with our AA credit rating as Cater Allen Private Bank is part of Santander"

The deadline for investment in the new plan is 02 October, 2009 (or earlier if sold out) and has a minimum investment level of £10,000 and a maximum of £1million.

For more information, visit caterallen.co.uk.