if you don't mind taking info on investments from a guy called Bernie Madoff, I am familiar with this bond. There are no fees or charges levied and the capital is 100% secure. there are two options open 1) 5 year 11month option - 30% of the investment is placed in a two year fixed deposit paying 10AER fixed. After year 1, the 10% is returned to you and after year 2, the 30% capital plus a further 10% is returned to you.
the remaining 70% is placed on deposit and tracks the performance of a basket of the 30 largest companies in the world. The return to you is double the performance of the basket of shares but is capped at 60% overall for the 5 years 11 months.
2) the 3 year 11 month option is straight forward - no depost option just double the performace of the basket, this is capped at 40%.
The thinking behind it is that a lot of the growth in equities over the past 5 years or so has been driven by mergers and acquisitions, the mega caps were left behind and represent good value, risk averse investors will be flocking back to these over the coming years.
The things to look out for are that the returns are capped so max return will be a little over 10% per annum. Also, the bond uses averaging over the final 6 months so if the basket dips for the last six months of the term, your returns may be impacted hard even if the previous growth was strong.
Of course this can work to your advantage if the reverse happens. Remember as well that you are foregoing access to the funds for the term of the investment.
By the way the Ulster Bank have run this investment in the past. The first incarnation matured around 8 months ago with a total return of 65% over a term of 6 years, the second series matured 3 months later with a 0% return!
Hope this helps