Cater Allen Private Bank, part of Spain’s Santander Group, has launched two new structured products, both of which are linked to the FTSE 100.

The first of the new products, the Cater Allen Growth Plan 7, offers investors a return on their original investment of 90 per cent of any rise in the FTSE 100 Index on maturity (subject to averaging over the last 12 months of the plan). The product’s duration is six years and minimum investment is £5,100.

Second is the Annual Locked In Defined Return Plan 1, a product which offers investors the chance to lock in a return on their investment for each year that the FTSE 100 is at or above its initial level at the end of each annual averaging period.

Two versions of the Annual Locked In Defined Return Plan are available, one carrying a four-year term, and one a six-year term. The former offers a potential return at maturity of 17 per cent, locking in a 4.25 per cent return after each annual averaging period where the FTSE 100 is at or above its initial level. The six-year term version, meanwhile, offers a potential maximum return of 30 per cent, locking in 5 per cent annually if the same conditions are met. The minimum investment for both versions of the product is £10,000.

"These products are designed to appeal to investors who are looking for capital security as well as the potential for returns linked to FTSE 100 growth. These latest additions to our range of structured products will enable investors to benefit from any future economic improvement, without taking the risk of a stock market correction with their initial investment," said Fernando Gasca, head of structured products at Cater Allen Private Bank.

The Growth Plan 7 closes for investment on 19 November, while the deadline for the Defined Return Plan is 5 October.