The company said it decided to launch the issue after sales of the product increased 11% year on year.
The Autopilot range, sold through NatWest’s International Wealth Management service, provides investors with a dynamic investment – linking to stock markets when they rise and selling into cash when they fall.
The account invests in a portfolio of four market sectors – Developed Equities Market, Emerging Equities Market, European and Asian Real Estate Equities Market and Gold. The deposit is split equally i.e. 25% of the deposit in each of the sectors, and the account performance is capped at 8% in any one month (9% for Euro and USD accounts).
The Autopilot International account is 100% capital protected if the deposit is held until maturity. The minimum deposit amount is £10,000 and the account is available in a choice of three currencies – sterling, euro or US dollar.
