Barclays Wealth Target Growth Plan Offers New Payment Structure
06 January 2010 / by Andy Davies
Barclays Wealth has announced the reissue of two of its structured products with improved rates of return for potential investors.
The Barclays Wealth Super Tracker has been reissued and as with the previous issue will offer a three or five year option for investors.
The five year option offers investors a return of three times the first 25 per cent rise in the FTSE 100 up to a maximum of 75 per cent.
Meanwhile the three year option offers three times the first 10 per cent rise, up to a maximum of 30 per cent.
Barclays Wealth is also reissuing its Regular Income Bond, which is a six year FTSE-linked product, delivering an annual income of 6.50 per cent or a monthly income of 0.53 per cent.
Investors into either product will receive their original capital back provided the index does not fall by more than 50 per cent during the specified term and is not lower than its starting level at maturity. If this does occur, capital will be lost on a 1:1 basis.
Commenting, Lisa Chaudhuri, manager at Barclays Wealth said: “Market conditions have improved markedly since March and risk appetite has begun to return. However, with economic growth expected to be below-trend over the coming years and consumers likely to remain under pressure, continued strong market performance is far from certain.
“Our Super Trackers will appeal to investors looking to gear up market returns with an element of capital protection, while our Regular Income Bond offers an attractive rate of income for investors willing to accept a degree of risk to capital.”
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