Britannia to add eighth tranche

Britannia International is offering intermediaries an eighth tranche of its Optimum Growth Bond, a five-and-a-half-year capital protected product linked to the FTSE 100. This time the group has engineered a 130% exposure to the index but there is a downside – an artificial cap on returns if the index rises by too much in the early years of the product. If the FTSE 100 rises by 29% or more in the first three years, then Britannia will close the product early, returning exactly 29% to investors. The sterling-based product has a minimum investment of £10,000 and pays a commission of 3%, ...