HSBC Asset Management is offering a capital and income plan which returns the investor's capital at the end of six years and offers a fixed income payment of 6.8 per cent after year one.
For the remaining five years, the plan will return variable income payments of between zero and 6.8 per cent a year.
The plan is linked to the performance of four stockmarket indices which cover the UK, Europe, the US and Japan.
Intermediary business managing director Jon-athan Polin says the product differs from other offerings in the marketplace because value is taken from the launch of the product and carried through the life of the investment.
The offer period opens this week and closes on April 16.
Minimum investment is £3,000 and there is no maximum investment other than normal Isa ceilings.
Initial commission is 3 per cent with no trail which is standard for structured products.
Chelsea Financial Ser-vices bond manager Matt-hew Woodbridge says: “The fact that this is an income product with protected capital makes this product very attractive.
“Previously, there was not the choice in this sector that this option provides. It forms the middle ground between high-risk high returns and low-risk low returns.”