Barclays Wealth reissues Target Growth Plan

Barclays Wealth is reissuing its Target Growth Plan for investors seeking to gain an attractive fixed return even if the FTSE 100 delivers negligible or negative growth over the next five years.

Launching on 4 August, Target Growth will deliver a 45% return plus investors' original capital as long as the FTSE 100 has not fallen by 50% at maturity.

If the index has fallen by more than 50% at maturity, the plan's structure seeks to mitigate capital loss by combining capital and the investment return. For instance, if the index had fallen by 60% at maturity, the plan would deliver a total return of 58% (40% of the capital and 40% of the 45% return, which is 18%).

Lisa Chaudhuri, manager, Barclays Wealth, says: "There is little consensus over where the FTSE 100 might be by the end of 2009, let alone in five years' time, so more cautious investors are understandably unsure as to where to invest their capital. Target Growth is designed for those who want an attractive return after five years but who do not necessarily expect the index to deliver it. We believe this investment's structure offers extra peace of mind in the sense that it will deliver a return well in excess of the index even if the FTSE 100 suffers a significant fall after five years."

Full details of the Plan can be found at barclayswealthprotectedinvestments.com