Morgan Stanley has launched a new FTSE 100 linked structured product which offers a leveraged upside return while reducing the impact of falling markets.
The FTSE Tracker Plus plan is designed to return 1.2 times any positive return in the index, capped at a maximum of 84%. This six year plan also has a deceleration feature which means for any 5% fall in the FTSE 100 at maturity, the plan falls just 1%.
Morgan Stanley executive director Marc Chamberlain says: "Right now, many investors are still cautious and are seeking reassurance that the risk to their investments is reduced.
"We believe that the FTSE Tracker Plus plan offers them what they need, namely attractive, enhanced exposure to any growth in the FTSE 100 over the next six years, and a cushion to soften the impact of a fall in market value, should that occur."
The plan is open for investment until 15 March with a minimum investment of £3,000. It is eligible for SIPP, SSAS and ISAs.
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