Morgan Stanley launches FTSE 100 product

Morgan Stanley has launched a structured product offering 100% of any positive performance of the FTSE 100 index.

The FTSE Protected Growth Plan 28 is a six-year vehicle that is 100% capital protected. Investors can take an early exit at the end of the third year if the FTSE has risen 15% or more, receiving a fixed return of 21%.

The minimum investment is £3,000 and the plan is available until April 23.