Barclays Wealth reissues Regular Income Bond and Super Tracker

IFAonline | 05 Mar 2010 | 14:36

Categories: Structured Products

Topics: Barclays Bank| FTSE 100

lisa-chaudhuri

Barclays Wealth has reissued its suite of products for investors willing to accept an element of risk to their capital.

The range includes the six-year Regular Income Bond. The FTSE 100-linked product offers an annual income of 6% or a monthly income of 0.4875%.

Capital is at risk, if at any time during the term the FTSE falls by 50% and remains lower than its starting level at maturity. If this does occur, capital will be lost on a 1:1 basis.

The collection also includes the Super Tracker, available in five- and three-year options. The five-year offers four times the first 16% rise in the FTSE 100 up to a maximum of 64%.

The three-year option offers investors two times the first 15% rise in the FTSE up to a maximum of 30%.

In both cases, capital is at risk if at any time during the term the FTSE falls by 50% and remains lower than its starting level at maturity. If this occurs, capital is lost on a 1:1 basis.

Barclays Wealth vice president Lisa Chaudhuri says: "With many still doubting the strength of the recovery, investors are looking for attractive returns in potentially low growth markets - either in the form of fixed income, as with the Regular Income Bond, or through products that offer returns for small rises in the FTSE, as with the Super trackers.

"The potential of getting capital fully returned at maturity providing the FTSE has not suffered a significant fall is also an attractive prospect for investors."

The plans are open for investment until 30 April 2010, set at a minimum of £3,600. They are available for investment through an ISA, SIPP and SSAS, with commission at 3%.

 

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