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Abbey issues new capital guaranteed bonds and investment plan

Abbey has launched Abbey UK Equity Guaranteed Capital and Return Bond, Abbey Capital Guaranteed Triple Security Bond and Abbey Capital Guaranteed Triple Security Plan.

The new products will guarantee full return of capital at maturity and different benefits depending on the link to the underlying investment. The capital guarantee will add security in times of market volatility.

Abbey UK Equity Guaranteed Capital and Return Bond is a five-year, six day investment linked to the FTSE 100 Index offering a minimum return of 20% and maximum return of 50%. Abbey Capital Guaranteed Triple Security Bond and Abbey Capital Guaranteed Triple Security Plan are six-year investments linked to the FTSE 100.

The Capital Protected Triple Security Plan will allow investors to take advantage of their capital gains tax allowances. The Capital Guaranteed Bonds are designed to fit within a wide range of tax wrappers. These bonds can be opened with a minimum investment of GBP3,000.

Gary Dale, head of intermediary business development at Santander Global Banking & Markets, said: In this issue, we have focused on the UK stock market. By offering a minimum return product together with the triple security structures, intermediaries are able to build more efficient risk managed UK Equity holdings with not only capital guarantees, but locked in future returns.