Thursday March 18, 2010 at 12:00
FTSE Protected Growth Plan 33 is a capital-protected growth product offering 100% participation in the rise of the FTSE100 at maturity. There is a knockout at three years, paying 120% return if the underlying has risen by 10% or more.
FTSE Best Entry Growth Plan 3 has a best entry mechanism that sets the strike date at the lowest level registered in the first quarter. The product pays 285% of the FTSE100, capped at 180%, and 50% soft protection.
FTSE Tracker Plus Plan 2 is a soft-protected product with 120% participation and a deceleration feature through which capital declines only 1% for each 5% fall in the FTSE100.
Finally, the third tranche of FTSE Kick Out Growth Plan is a soft-protected autocall offering a 150% return after three years of investment if the underlying has risen by 10% or more. Otherwise, the product continues until maturity and pays 110% participation in any rise of the FTSE100 with no cap.
The plans will be available for investment until 30 April. Minimum investment is £3,000. The capital guarantee is provided by Morgan Stanley, which was rated A- by Standard & Poor's as SRP went to press.
These products are available now in Recent Additions (UK).