Scottish Life is introducing a second series of its Income Bonus Bond off the back of the first issue earlier this year which attracted more than £35m of investment.
The five and a half year bond offers two options.
It has a growth option that guarantees a return of capital plus growth of up to 150 per cent of the average growth of the FTSE100 and SMI indices.
There is also an income option providing income of 9 per cent of the net investment per annum throughout the term of the bond.
To achieve the 9 per cent return the average growth of the two indices must be 5.85 per cent. Any growth in excess of their investment will result in an additional capital bonus.
Should growth fall below the required rate investors will receive maturity value plus any income taken equal to their net investment.
The bond is available from November 30 to January 26 next year.
Minimum investment limit is £7,500 and a maximum of £250,000. Commission is 3 per cent.