Jubilee Financial Products has launched the latest version of its Early Redemption Plan, which invests in securities issued by Morgan Stanley BV.
The plan is linked to the FTSE 100 index and DAX (Price) index and will last for a maximum of 5 years. It also has annual early redemption dates. If on any of the annual observation dates both underlying indices close at or above their respective starting levels then the plan will end, and original capital will be returned together with a bonus of 11% for each year held. Chris Powell, head of IFA sales, said: “Kick-out plans remain popular with investors. This product offers the potential for an attractive return linked to the performance of UK and German equities following the recen...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
