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SG launches protected product

Société Générale (SG) has launched a listed product that pays a guaranteed fixed income of 1.7% a quarter for 18 months.

The FTSE Income Protection 3,000 is listed on the London Stock Exchange and is designed for investors looking for higher returns than a normal savings account.

SG says the payments are unaffected by movements in the FTSE 100, but capital maybe at risk if at maturity if the index is below 4,300 points or if on any day during the term it drops below 3,000 points.

The plan matures on January 6, 2011.


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