The SG UK Step Down Kick-out Plan, managed by Walker Crips, is a maximum six year investment plan linked to the FTSE 100 index.
The plan can expire after year two, paying a gross return equivalent to 7.5 per cent a year (not compounded).
Kick out levels are reduced each year to increase the chance of early expiry.
At maturity, capital is at risk if the FTSE 100 index has fallen more than 50 per cent.
The investment deadline is 27 September 2013 with a strike date of 4 October 2013.
The Walker Crips managed products come after it launched a new Defensive Kick Out Plan 1, a six-year deposit linked to the performance of five major blue chip companies: Tesco, BP, BT, Rio Tinto and Vodafone.
The aim of the plan is to pay a gross return (not compounded) per year equivalent to either 6 per cent if the adviser selects the commission version or 8 per cent if they opt for the adviser fee version.
The plan has a maximum investment term of six years, but can expire early at the end of years two to five.
On early expiry, the plan will pay the gross return and repay the investors initial deposit in full.
In order for this to happen, the share prices of the five companies must all close at or above a specific level (the kick out level) on the anniversary date.
If this happens, investors will receive their payout on the following early expiry date.
Both versions of the plan are eligible for investment within a cash Isa, Sipp and Ssas, and are available through Gilliat Financial Solutions during the initial offer period which ends on 30 April 2013.