NU Online News Service, March 23, 2004, 1:45 p.m. EST – John Hancock Financial Services Inc., Boston, has added a SignatureNotes product for investors who are worried about inflation.[@@]
The product is an inflation-adjusted medium-term note.
Hancock’s John Hancock Life Insurance Company unit, the note issuer, will pay a rate equal to the year-over-year change in the Consumer Price Index plus an extra, fixed amount that will be set when Hancock issues the note.