The five year plan is a new structure for the provider offering a potential early maturity of 13.5 per cent at each plan anniversary with an escalating bonus facility.
It is designed to offer investors the ability to generate returns during periods of slow market growth.
Returns are linked to the FTSE 100 and early maturity will occur if the index level is equal to or higher than, its intial stike on the plan’s anniversary.
In this event, the plan will terminate and pay the bonus plus 113.5 per cent capital return in the first year increasing by 13.5 per cent for each year thereafter until maturity.
The plan offers 50 per cent soft capital protection on a 1:1 basis.
IFA initial commission is 3 per cent with a minimum £3,600 for all investments.
The issuer of the preference shares will be backed by Citigroup Global Markets Limited an affiliate of Citigroup Inc rated ‘A’ by Standard and Poor’s as at 16 March 2009.
Keydata Investment Services director of sales and strategy Mark Owen says: “Investors need simple investments for complicated times and basing returns on the FTSE 100 is familiar and accessible for most investors.”