Cater Allen launches new structured product

Cater Allen Private Bank, part of the Santander Group, has added an attractive new deposit-based product to its range of capital protected structured solutions.

The Cater Allen Growth Plan 9 offers investors a market linked return on their original investment of 120 per cent of any rise in the FTSE 100 Index at the maturity of the six year plan (subject to averaging over the last 12 months of the term) - but with the peace of mind that their deposit will be returned in full at maturity even if the Index has fallen, thus mitigating the risks associated with investing in equities directly. The plan requires a minimum deposit of £5,100 and is suitable for Cash ISAs, whether new money or the transfer of an existing Cash ISA from a previous tax year. If the plan is opened via a Cash ISA, then any returns benefit from the individual's Cash ISA tax-free allowance.

The Growth Plan 9 is the only such plan on the market with a ‘Double A' rating - thus providing greater security. It has also been awarded a ‘5 star' rating by independent financial analysts ‘Moneyfacts'.

Fernando Gasca, Head of Structured Products at Cater Allen Private Bank, said: "This product is designed to appeal to investors who are looking for capital security as well as the potential for returns linked to FTSE 100 growth. The Growth Plan 9 will enable investors to benefit from any future economic improvement, without taking the risk of a stock market correction with their initial investment."