NatWest International Personal Banking (NIPB) has launched its fifth issue of guaranteed structured deposit account, Autopilot.
It offers a monthly management strategy following the trends and price levels of four sectors: developed equity markets, emerging equity markets, property and gold.
The account observes the price of each market sector compared to the moving monthly average price, which determines whether the market is rising or falling. Autopilot links to a market sector when markets are rising and diverts to cash when they fall.
Available in sterling, euro and US dollar, the account also protects the initial capital payment, as long as the money is deposited for the full five year term of the account.
If held until maturity, the account will return 100% of the initial capital deposit plus the growth of the Autopilot index.
"During uncertain times it offers customers the comfort of capital protection if held until maturity whilst linking to a diverse portfolio of underlying market sectors," said Kathryn Campbell, senior product manager, structured products and investments, NatWest.
"The account's main principle, of capturing growth when the market sectors are rising and avoiding downturns by diverting to the performance of cash when market sectors show sustained falls, has really proved a hit with customers," she said.
The offer period for Autopilot 5 is open until 13 March 2009 with a minimum deposit of £/€/$10,000.The account will mature on 28 March 2014.
Autopilot is available through UK and offshore IFAs as a direct deposit or through a life wrapper or SIPP.
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Ceremony will take place 13 November