Cater Allen reissues unlimited return structured product

Cater Allen Private Bank, part of the Santander Group, has this week (Monday, 22 March) reissued its 100 per cent guaranteed ‘no limits' structured product. The ‘Capital Guaranteed Growth Plan 5', guarantees the return of the initial investment at maturity, and a return equivalent to 100 per cent of any growth in the FTSE 100 Index, with no upper limit on the return offered.

The product calculates the rate of return by comparing the level of the FTSE 100 Index at the end of the 5 ½ year term with the level of the index at the start of the term. So, for example, if the comparison shows that the FTSE 100 Index rose by 35 per cent over the term, the percentage of return on the initial investment will also be 35 per cent.

Fernando Gasca, Head of Structured Products at Cater Allen Private Bank, said: "The previous version of this product proved popular thanks to the simplicity coupled with the unlimited rate of return and without risk to the initial investment. This product is designed to allow you to benefit from any improvement without taking the risk to your capital of any stock market correction."

The closing index is calculated from an average level of the index taken at 12 stages over the final year to ensure the plan is cushioned from any sudden fluctuations in the FTSE 100. The deadline for investment in the new structured product is 04 June, 2010 (or earlier if sold out), and has a minimum investment level of £10,000 and a maximum of £1 million.