The new series includes a repeat of the enhanced kick-out plan offering 120 per cent of FTSE 100 growth with no upper limit, comparing the final index level to the initial level over five years.
Initial investment is at risk if the FTSE 100 Index falls below 50 per cent of its initial level during the investment term.
It also features the guaranteed five-year kick-out plan offers two payout options, option 1 paying an annualised 7.25 per cent per annum, not compounded, provided the FTSE100 is equal to or higher than the initial index level on any plan anniversary. Option 2 pays 10 per cent per annum, not compounded, provided the index is at least 10 per cent higher than the initial index level on each anniversary.
The new series which also includes a range of accumulation and investment plans are available to residents of the Isle of Man, with the next collection set to be available for distribution into Jersey and Guernsey.
Plans are open for investment from February 23 until 17 April to allow advisers to maximise the opportunities available from the double ISA season.
All of the plans are backed by Investec Bank plc which is currently BBB rated by Fitch and Baa1 by Moody’s.
Investec head of intermediary sales structured products Gary Dale says: “This is a significant step forward for us in terms of distribution. Many IFA’s on the Isle of Man have been keen for some time to offer our products to their clients directly as well as through Sipps and offshore bonds.”