The Market Range Deposit is a four year capital protected product designed to provide returns linked to the UK stock market. It offers the opportunity to receive an annual Return based on the number of business days that the FTSE 100 Index closes within a specified range.
The account is designed to return your deposit at the end of the four year term, irrespective of the performance of the Index. Essentially, this is a capital protected product providing returns linked to the UK stock market which is designed to pay an accrued annual return between a minimum of 0% and up to a maximum of 6%, calculated on the number of business days the FTSE 100 Index closes within a specified range. Any annual return will be paid at the end of each year on the relevant annual payment date. For example, if the initial level of the FTSE 100 Index is 5,250 the specified ...
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