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M&G – Protected Isa

Monday, 16th October 2000.



Type: Maxi or mini stocks and shares Isa linked to the FTSE 100 Index.



Aim: Growth by investing in corporate bonds.



Minimum-maximum investment: Maxi Isa – £500-£7,000 lump sum, mini Isa – £500-£3,000 lump sum.



Investment choice: 100 per cent corporate bonds.



Term: Five years.



Guarantee: 100 per cent of original investment returned after five years and growth in the FTSE 100 Index up to a maximum of 61 per cent of the original investment.



Return: 100 per cent of original capital and growth in the FTSE 100 Index up to a maximum of 61 per cent. The five-year FTSE 100 Index level is calculated as the average over the last six months of the term.



Catmarked: No.



Closing date: November 1, 2000.



Charges: Initial 5.9 per cent.



Commission: Initial 3 per cent.



Tel: 0800 328 3191.


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