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Top marks for Morgan Stanley structured product

Top marks for Morgan Stanley structured product

Category: Investments

Updated: 02/12/2009
First Published: 01/12/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Morgan Stanley has raised the bar in the structured products market with the launch of Protected Growth Plan 31.

A six year product requiring a minimum investment of £3K, investors will benefit from the full growth of the FTSE 100 with no cap on the overall return should the investment run to maturity. The original investment will also be returned.

There's also an early kick-out option which pays a more than generous 21% if the FTSE 100 has risen by 15% or more after three years, offering investors the possibility that they could consolidate their gain without having their investment tied up for the full term.

The offer period for the product closes on 18 January 2010, with the start date for investment being 8 February 2010.

As well as being a standalone investment, it is also available within an ISA wrapper and can be held as an investment within a SIPP and a SSAS.

It is, however, a product that is only available through an IFA.

The cracking rate and the generosity of its early kick-out option mean this product richly deserves a full complement of five out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.