Barclays Wealth launches new defined returns plan

Barclays Wealth has launched a new Defined Returns Plan Annual Kick-Out, which aims to offer investors a return of 8% per annum, with a possible early maturity from the first anniversary onwards. The early maturity is subject to the performance of the FTSE and it being equal to or above the initial index level on yearly anniversary dates from the first anniversary onwards. The product is open to investors from today until the 2nd March 2012 and has a maximum maturity period of six years.

Richard Henry, Director, Barclays Wealth, said: "Many investors remain cautious regarding the FTSE's outlook and are looking for ways to insulate their capital investment from market uncertainty, whilst at the same time making returns from moderate growth where possible. This Defined Returns Plan Annual Kick-Out aims to offer investors an 8% return per annum whilst offering full capital repayment should the FTSE not fall below 50% of the initial index level. Should the investment be held for the full term and on maturity the FTSE is below 50% of the initial index level, no return will be made and the capital repayment will be reduced by the percentage amount that the final anniversary index level is lower than the initial index level. This product is another innovative offering from Barclays Wealth for investors who are looking to mitigate risk and balance their portfolios in the current turbulent economic market environment." 

With an attractive rate of 8% per annum, the new Defined Returns Plan Annual Kick-Out has been created especially for investors who are expecting moderate growth in the performance of the FTSE. The product will pay out an 8% rate of return to investors for each year that the investment is held, offering a potential maximum 48% return plus capital over the six year term of the product. Should the investment be held for the full term and on maturity the FTSE is below 50% of the initial index level, no return will be made and the capital repayment will be reduced by the percentage amount that the final anniversary index level is lower than the initial index level. Investors will receive their capital repayment in full if the index finishes lower than the initial index level but higher than or equal to 50% of the initial index level.

Full details of all new products can be found at barclaysinvestmentsolutions.com.