- Six-year deposit issued by Barclays Bank PLC
- Potential return of 33% after six years
- Two chances to lock-in returns before maturity
Barclays Wealth has launched the second of its new structured deposit series offering a potential return of 33% after six years.
Available now, the six-year FTSE Returns Bond offers investors a return of 1.5 times the rise in the FTSE 100, up to a maximum of 33%. The investment also has a lock in feature which will automatically secure 11% if the FTSE is 11% or more above its starting level after 2 years; and 22% if the Index is 22% or more above its starting level after 4 years.
The FTSE Returns Bond also offsets the risk of market timing by including averaging over the first and last three months of the term to determine the starting level and final level respectively.
Investors’ capital is fully repaid at maturity, irrespective of market performance. However, if investors withdraw from the deposit before maturity, some of their capital may be lost.
Full details of the bond can be found at http://www.barclayswealthprotectedinvestments.com.
Lisa Chaudhuri, vice president, Barclays Wealth, says: “The latest addition to our structured deposit range is designed for savers looking for a more attractive return than is currently available in a traditional deposit account. The inclusion of averaging at either end of the term as well as the two lock-in opportunities help to mitigate the issue of market timing and investors can also rest assured that their deposit will be returned at maturity, irrespective of market performance.”