Morgan Stanley has launched a new FTSE tracker product which is designed to offer investors uncapped accelerated growth of the FTSE 100 Index.

The Morgan Stanley FTSE Tracker Plus Plan 3 also has a deceleration feature that limits investors’ exposure to one-fifth of any negative index performance over the plan’s six year term, the bank said in a statement.

“With continued uncertainty around the economic outlook, we know some investors remain nervous. This product has been designed with them in mind. It offers great upside potential, coupled with a strong alternative to full capital protection – a deceleration feature to minimize losses in negative markets,” said Marc Chamberlain, executive director at Morgan Stanley.

Minimum investment for both individual and institutional investors is £3,000 ($4,517), with the deadline for investment being 15 June.

The bank also said it is reissuing three of its other structured products: the Morgan Stanley FTSE Protected Growth Plan 34, the Morgan Stanley FTSE Kick Out Growth Plan 4 and the Morgan Stanley FTSE Best Entry Growth Plan 4.