An investment return of 7.25 per cent for each year the investment is in force will be realised on any anniversary – from the second onwards – where the FTSE 100 index is at or above its starting level. Capital will then be repaid and the investment will come to an end .

But if there has been no early disposal after six years, capital will be reduced if the index closes below 50 per cent of its starting level, at maturity. Should this happen, investors will lose capital on a one-for-one basis with the index.

“With volatility still apparent within the markets, we hope this investment enables clients to diversify their investment portfolios further,” said Richard Henry, director, investor solutions.