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Is it possible to create a subscription product that renews at a higher price?

For example, I have an annual subscription plan with a regular price of $100, but since it's the launch of a new product, I want to make it half price $50 for the first year.
Customer pays $50 for the first year, then the subscription automatically renews at $100 for the following year.

Any way to achieve that?

Shahjahan Jewel

You can create a subscription with 1 year trial and the signup fee is $50, and the regular recurring about $100/year.

or create a normal subscription and use a coupon code with 50% dicount which will be applied only the first payment.

Yann O