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New structured product from Woolwich

The Woolwich is launching a capital growth plan that guarantees a minimum return of initial investment after the five and a half-year term and the potential to achieve 100 per cent upside on the FTSE 100.

The bond, available through intermediaries until April 30, 2004, is available for investors with a minimum £3,000 and a maximum £500,000. The plan is also available as an Isa investment for the current or following tax year, a direct investment or as a Pep or Isa transfer.

Investment in the plan, which offers 3 per cent commission to IFAs, will start on May 6, 2004 and mature on November 6, 2009.

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