Investec Guaranteed FTSE Plan given facelift

Investec has changed the payoff profile of its Guaranteed FTSE 100 Plans, as part of the launch of its ninth collection of structured products covering investment, accumulation and income plans. The Guaranteed three-year FTSE 100 Plan 9 has two options. The first option now pays 25% at maturity provided the final index level is higher than the initial index level. The second option pays 6% minimum return or 19% if the index is higher after three years.

The five-year plan uses the same formula and the first option pays out 50% while the second option pays out 15% minimum or 35% at maturity.

Investec has also brought out seven other plans. The Guaranteed five-year FTSE 100 Kick-out Plan 4 offers two options. Option one will pay out 8% a year and can kick out in year two, three, four or five provided that the FTSE is at or above its initial recorded level. Investors will accumulate 8% for each year that the plan is in force should the index fail