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Pinnacle Insurance launches bond linked to Nasdaq

Pinnacle Insurance is launching an Protected Bonus Bond linked to the Nasdaq-100 index.

The bond will track the Nasdaq-100 index, but growth is capped to 18 per cent for each year of the five year investment period, limiting the growth potential to 90 per cent over the term.

The bond is guaranteed to return the original investment plus 20 per cent at the end of the term.

Commission is 3 per cent.

Pinnacle investment sales general manager Clive Moore says: ” The prospects for growth are better than when the stocks were overvalued.”

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