It features physics and destruction; intended to be a content rich, lower cost entry into rope simulations. The sliced off sections can be further cut. Use own meshes or ones provided. Combine with custom materials and extra features to create unique spline actors.

Available now:

https://www.unrealengine.com/marketplace/en-US/slug/cuttable-spline-system-with-physics-in-engine-solution-rope-cable-pipe

Trailer:

https://www.youtube.com/watch?v=4AuLUtawokk