Legal & General raises minimum return on three- and six-year equity bonds

The new bonds will be launched on July 9, 2007 and will be available for investment for a limited period of eight weeks to August 31, 2007.

The three-year Capital Guaranteed Bond 3 is a fixed term, three-year, deposit investment. It guarantees the return of an investor’s original capital at the end of the fixed term and either 50% of any growth of the FTSE 100 index or a return of 10% gross, whichever is greater.

The six-year Capital Bond 3 is also a fixed term deposit investment for a duration of six years. It guarantees the return of an investor’s original capital at the end of the fixed term and either 50% of any growth of the FTSE 100 index or a return of 27.5% gross, whichever is greater.

There is no cap on the growth of either bond.

Investors with TESSA-only ISA and cash ISA holdings have the opportunity to transfer their investment to the three-year or six-year bonds. The minimum investment is GBP500, while the maximum investment for mini-cash ISAs is GBP3,000. There is no limit for TESSA-only ISA/cash ISA transfers and deposit investment.

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