Blue Sky offers autocalls with growth and income

Blue Sky Asset Management has launched growth and income auto-call plans - designed to take advantage of low interest rates.

The High Income Corridor Auto-Call Plan II is a five-year product which offers a 4.5% income every six months if the FTSE 100 index is at or above 85% of the starting level. If the index is below this 85% level on an observation date, the investor does not receive the income payment for that semi-annual period and the plan continues. If the index rises above 105% of the starting level, the plan will close early and repay the capital full plus the 4.5% coupon due on that observation date.

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