Indian bank UTI yesterday announced the launch of Goal 21 Notes to investors in Qatar.

The third offering in the India Equity Plus Series is a ten-year structured product linked to the UTI Mastergain Fund with a capital guarantee provided by Société Générale. As well as a participation in the rise of the index the product aims to pay a 21% coupon early on in the investment term.The offer period runs until 4 July 2005. There is a minimum investment of $10,000.