Barclays Wealth debuts new Superstriker investment
- Offers twice the rise of the FTSE 100 up to a maximum of 50%
- Includes feature which aims to address market timing, providing a more advantageous entry point to market
- Capital is at risk if the FTSE falls by more than 50% during the term and is below its initial strike level at maturity
- Five-year investment issued by Barclays Bank PLC
Barclays Wealth has launched a new FTSE 100-linked investment aimed at adventurous growth seekers. The Superstriker Plan offers investors the chance to receive twice the rise in the Index, with a maximum potential return of 50% after five years. The Plan also includes a feature where the Initial Index Level – usually defined as a set starting date – is measured as either the lowest closing level of the Index on any of the first seven monthly observations, or 75% of the closing level of the Index based on the First Observation Date, whichever is greater.
Capital will be lost if the FTSE 100 Index reaches a level more than 50% below its Initial Index Level at any time during the term of the investment and is below this level at maturity, in which case capital will be reduced on a 1:1 basis in line with the Index.
The Superstriker is available for stocks and shares ISA investment in both the 2010/2011 and 2011/2012 tax years and is also eligible in most cases for pension portfolio investment within a SIPP or SSAS investment. Full details of this product can be found at http://www.barclayswealthstructuredinvestments.com.
Commenting, Richard Henry, director at Barclays Wealth, says: “The general uncertainty around short-term market direction has led many investors to question whether now is the right time to invest given the possibility of further market falls. Superstriker aims to address the concern of market timing with the benefit of hindsight. By observing the Index over the first six months of the term, investors can benefit from a more advantageous entry point for investment should the market fall.”