The information on there web site states the following,

The term runs for one year from the end of the offer period (31 January 2009) until the maturity date (29 January 2010).

As long as the average of the FTSE 100 Index hasn't fallen between the initial and maturity index readings over the one-year term, you will earn 8.25% gross/AER fixed return on your investment.

What are the feelings on this one and will the FTSE 100 fall in this period.

http://www.theaa.com/savings/1-year-trigger-Guaranteed-Equity-Bond.html