Blue Sky Asset Management is launching the latest tranche of its Defensive series with Capital Accumulator Auto-Call Plan, which offers 6.5% annual growth, regardless of any falls in the FTSE 100.
It pays out at its first anniversary if the FTSE is at or above 85% of its starting level repaying both growth and capital invested.
The auto-call delivers accumulated growth at the first anniversary where the FTSE 100 is at or above 85% of its starting level, which allows for falls of up to 15% in the index without impacting on investors' returns.
The plan closes early automatically when the auto-call is triggered, repaying both growth and full capital invested.
Growth is rolled up for the six-year term if the auto-call is not triggered on the anniversary and also provides 100% capital protection, with a 50% barrier, assessed at the end of the term.
Following a trial of the plan before Christmas, the full market version has been extended to 27 February. Counter-party for the product is Barclays Bank.IFAonline
Achievements, charity work and other happy snippets
Laughable excuses for persisting
Spent 56 years at Schroders
Warns on profits