Question about the subscription plan

Hey,

I am confused about the subscription plans for Premiere Pro. I signed up for the seven-day free test period and am interested in buying an active subscription for the program.
My account settings say that starting with the 26th of August, I will be billed 23,79€ per month. From the looks of it is an annual subscription meaning that I will be stuck paying 23,79€ for the next 12 months without being able to cancel my subscription (at least in my understanding). Is there no monthly subscription allowing me to cancel anytime I want to?
Sorry if I am missing the obvious, but the more I looked through the different settings and options, the more confused I got because sometimes the annual part is mentioned and sometimes not.