Gilliat said the product is designed to appeal to UK- resident clients seeking higher returns than traditional deposits while wanting to avoid risky investments.
"A lot of people have been conscious of counterparty risk," said Adrian Neave, the managing director of Gilliat in London. "But we now see product providers catering more for those concerns."
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The new structured product, created in conjunction with De Montfort Professional Wealth Management, uses five deposit takers namely Arbuthnot Latham & Co, Secure Trust Bank, Kleinwort Benson Bank, Julian Hodge Bank and OneSavings Bank.
The product, which has a minimum investment amount of GBP50,000, offers returns of 100% of any rise in the FTSE 100 after five years, up to a maximum of 34% gross, the company said.
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