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Skipton BS Kickout Bond
klondyke
Posts: 463 Forumite
Anyone seen anything about this (I'm awaiting an info pack). Limited issue ending 15th June or earlier if oversubscribed.
Basically a 6 year FTSE tracker thingie, but if FTSE rises more than 7% in first year, they give you 14% and kick you out! Otherwise, carries on so if FTSE reaches x% in year y they give you 2x% and kick you out etc, etc.
Not sure whether, if FTSE less than x%, you get to keep whatever it has earned, put into following year.
Maybe all will become clear when the postman comes, but thought some of you may be interested anyway
Basically a 6 year FTSE tracker thingie, but if FTSE rises more than 7% in first year, they give you 14% and kick you out! Otherwise, carries on so if FTSE reaches x% in year y they give you 2x% and kick you out etc, etc.
Not sure whether, if FTSE less than x%, you get to keep whatever it has earned, put into following year.
Maybe all will become clear when the postman comes, but thought some of you may be interested anyway
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