Barclays Wealth reissues DRP Annual Kick-Out

Barclays Wealth has reissued its popular Defined Returns Plan Annual Kick-Out giving investors the opportunity of an early return after just one or three years.

The October AKO has two options:

The AKO 100's value will be realised on any anniversary - from the first onwards - where the FTSE 100 is at or above its starting level. This option offers investors a return of 7% for every year the investment is in force. For example, if the FTSE is at or above its starting level at its first anniversary, investors will receive 7% and their capital will be repaid. If this occurs on its second anniversary, investors will receive 14%; and so on up to 42% on its sixth and final anniversary.

The second option, the AKO 90, will deliver its stated return on any anniversary - from the third onwards - where the FTSE is at or above 90% of its starting level. This option also delivers a return of 7% for every year the investment is in force.

Capital will be reduced if the index closes below 50% of its starting level, at maturity. In both options, if there has been no early disposal after six years, investors will lose capital if the Index has breached the 50% barrier at maturity.

Lisa Chaudhuri, vice president, Barclays Wealth, says: "Our Kick-Out products continue to be popular with investors who are attracted to a pre-defined level of income with the chance of a payout after only one year. By offering two options we are broadening the concept out to a wider range of investors with differing risk appetites, with our current edition offering the AKO 100 with a potential return after one year and the AKO 90 which could potentially deliver its return after three years, even if the FTSE suffers a fall."

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