Blue Sky delivers defensive auto-call plan offering 8%

Blue Sky Asset Management (Bsam) has unveiled its six-year Capital Accumulator Auto-Call Plan - Defensive Series, offering 8% potential annual growth and an early kick-out. The plan has a defensive auto-call feature which closes the plan early, providing accumulated annual growth and full repayment of capital. The defensive auto-call feature is triggered if, on the first anniversary, the FTSE 100 index is at or above 80% of its starting level.

"The message we received from wealth managers was loud and clear that in the current climate neither they nor investors are seeking headline rate chasing products," says Chris Taylor, chief executive at Bsam. "Instead they want options that can minimise risks, while maximising the scope for successful, sensible returns."

The plan is capital protected with a 50% barrier, allowing the index to fall 50% over the term and remain at that level. The barrier cannot be breached during the term, as the