23 April 2007. Zurich has launched the third in a series of Guaranteed Capital Accounts designed to give customers access to a structured product throughout 2007.
Each of the accounts will be open for a set time period and as one product tranche ends a new one will open, ensuring availability throughout the year.
All of the products, which are deposit based with a five and half year term, will continue to offer full capital security and growth potential with returns linked to the FTSE 100 Index.
Available from 23 April, Zurich Guaranteed Capital Account 13, offers 135% of any growth in the FTSE Index and is open until 24 May.
Paul Wright, Zurich’s Investment Management Director, comments:
“Previous tranches issued this year have proved an attractive option to investors. Advisers and clients both like this simply-structured product which provides capital security, as well as the potential of high levels of stock market linked returns.”
Key features of all the Capital Accounts include :
· 100% capital guaranteed
· Gross interest of a specified percentage of any growth in the FTSE 100 Index over five-and-a-half years, currently 135%, but this participation rate may change for future tranches.
· Early maturity feature – 30% gross interest and closure of the account if the Index has grown by 30% or more on the third anniversary.
· Interest on the ISA element is tax-free under current regulations
· 100% allocation
· Minimum and maximum investments £2,500 and £250,000 respectively
· 3.25% initial commission on all monies invested into this account
Media information:
For further information, please contact:
Nicola Bryson, Senior Media Relations Consultant – Life, Tel : 01793 503354
Notes to editors:
About Zurich
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 55,000 people serving customers in more than 120 countries.
