Gilliat issues 7% Income Builder

Linked to the FTSE 100, the Gilliat Income Builder February 2010 accrues on a daily basis providing the index remains above 60% of its starting level. Income is capped at a maximum at 7% per year. However, this income will reduce in proportion to the number of times the index falls below the barrier. The maximum income for the six year deal is 42%. On maturity, capital will be returned in full as long as the index has not fallen by more than 40%, otherwise capital is at risk. Royal Bank of Scotland is the counterparty. The plan is open for investment until 30 March 2010, set at ...