The Accelerated Growth Plan, which invests in securities issued by Merrill Lynch International, pays a 10 per cent early redemption bonus after the first year, or 1.85 times the growth of the Euro Stoxx 50 Index at maturity.
The plan is a capital-at-risk product, with capital reduced at maturity if the index has fallen by 50 per cent or more at the close of any trading day during the investment term and is still below its initial level.
It will be available through Transact, Nucleus and other wrap platforms and is administered by Bank of New York Mellon
CEO Adam Habib says: “Clients’ structured products investments are very often heavily concentrated in the FTSE. We wanted to offer a structured investment plan that can help advisers address this lack of diversification.”