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Keydata launches extra income plan

Keydata Investment Services has launched the extra income plan issue 27.

The five year plan offers investors 7.8 per cent annual income and capital return at maturity.

Capital is at risk if the FTSE 100 falls by 50 per cent or more at the end of the five year term.

If the index falls below the soft protection barrier during the term of the plan, the return of capital is not affected.

If the final index level is 50 per cent or lower than the index strike level, capital will be lost by 1 per cent for each 1 per cent below the start index level.

The plan is backed by Citigroup Financial Products which is ‘A’ rated by Standard & Poor’s at time of writing.

The plan closes June 12 for Isa transfers 3 July for all other business.
Minimum investment is £3,600 for all investments.

Keydata Investment Services director of sales and strategy Mark Owen says: “Although we are seeing some renewed interest in growth products, the demand for income remains the biggest concern for investors.

“The extra income plan is an extremely sensible solution to these investment concerns, offering a combination of competitive income payments and significant capital protection at a time when markets are still volatile.”

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