Premier Asset Management to launch its FTSE-linked growth plan

Premier Asset Management will launch its Premier UK Growth Plan, a six-year product linked to the FTSE 100 index. The plan has been designed to deliver an annual coupon of 16%, while providing 50% downside protection.

The plan will mature early if the closing value of the index is equal to or greater than the start value at the end of any investment year. If this occurs, the original investment is returned, plus 16% growth at the end of the first year, 32% for the second, increasing in 16% increments up until the sixth and final year. At maturity, 100% capital is returned plus the respective growth.

If the index falls below the start value by 50% or more at any time during the life of the Plan, then capital is