Morgan Stanley has begun selling the third tranches of its six-year FTSE Income and the FTSE Bonus Growth plans.
The FTSE Income plan 3 offers regular income of 6.75% a year, regardless of any movement in the FTSE 100. In addition, the plan provides some protection from a falling market, repaying the initial investment in full at maturity as long as the FTSE 100 level remains above 50% of its initial level throughout the term. Meanwhile, the FTSE Bonus Growth plan 3 offers a 10% per annum return, paid on the first annual anniversary that the FTSE 100 is above its initial level. Investors can choose to lock in their returns or they may exit the plan at this point and receive the return of thei...
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