Abbey launches Capital Guaranteed products

Abbey has launched two capital guaranteed products including the third issue of its Guaranteed Capital Plus plan, linked to the FTSE 100 index. The three-and-a-half-year plan returns 18% if the FTSE 100 has risen by at least one point during the term, or provides a guaranteed minimum of 2% if the FTSE has fallen or remained the same over the term. The six-year plan offers 40% return if the index has increased by at least one point during the term, or a guaranteed minimum of 2% if the index decreases or remains the same.

Abbey has also released issue 16 of its Guaranteed Growth plan, linked to the FTSE 100. The three-and-half-year plan offers a guaranteed minimum return of 5% or 50% of the index, capped at 35%, while the six-year plan guarantees a minimum return of 20% or 50% of the index capped at 60%.

The rise or fall in the index is determined by the final index level against the initial index level. The initial level is the closing level of the FTSE 100 on the strike date, October 3, while the final level is