London-based structured product provider Incapital Europe has extended its Capital Accumulator Auto-Call Plan series into an eleventh issue, offering growth potential of 11.5 per cent at the first anniversary, with a new six-monthly auto-call feature thereafter.

Plan XI accumulates a further 5.75 per cent every six months after the first anniversary that requires no underlying stock market growth in the UK and US indices that it links to. Auto-call is triggered at the first anniversary or six-month point where the FTSE 100 and S&P 500 indices are at or above their initial levels.

If the Plan does not close early during the investment term a defined level of protection from stock market risk is included at maturity, unless the indices fall by more than 50 per cent and remain below their starting levels at the end of the product's term.

The Plan continues the series originally launched by Blue Sky Asset Management, which was acquired by Incapital in July.

The Plan is open with immediate effect and will close to new business on 22 November 2010, unless over-subscribed. The strike date is 26 November 2010.

It is available for direct investments, through pension schemes including SIPPs and SSAS and for corporate, trustee and charity investment.