A new guidance law, which combines pursuit guidance and proportional navigation is proposed. This guidance law depends on two parameters that determine the relative importance of pursuit guidance and proportional navigation. Numerical simulations of the nonlinear equations of motion suggest that the parameters of this law can be chosen to reduce the peak value of the missile acceleration. When the engagement ends in a tail chase, and linearization is valid, the linearized equations of motion lead to a confluent hypergeometric equation. This equation is solved in closed form, in the general case where the target performs maneuvers such that its heading angle is a polynomial function of time. The analytic solution based on linearization and the numerical simulation of the nonlinear equations show good agreement.