Gilliat Financial Solutions has introduced a new kick-out product in its latest suite of plans.
The Gilliat UK Annual Kick Out is a five year and two week structured product which aims to pay a growth payment of 10.5% if the FTSE 100 is equal to or greater than its start level on any annual observation date.
If this happens, then the plan redeems early and capital is returned to investors.
The product offers 50% soft protection with American barriers while, Royal Bank of Scotland serves as the counterparty.
Gilliat managing director Adrian Neave says: "Kick out plans continue to attract high levels of interest from investors who continue to be only mildly positive.
"Recent volatility and improvements in funding rates mean we have been able to secure at attractive rate for investors combined with the backing of a UK high street bank."
Gilliat is also offering a new version of its Income Builder plan.
The six year and two week product aims to pay an annual income up to 7% per annum as long as the daily closing value of the FTSE 100 is at or above 3000.
Royal Bank of Scotland also acts as the issuer for this product.
Both plans are open for investment until 3 September 2010, set at a minimum of £3,000. They are available as ISA, SIPP and SSAS, with commission at 3%.
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