Barclays Wealth launches multi-option growth product
- Investment issued by Barclays Bank PLC
- Three different options available
- Capital is at risk if the FTSE falls below 60% of its starting level and remains lower than this level at maturity
Barclays Wealth has launched the Target Growth Plan, a new multi-option growth product aimed at investors with differing time horizons.
Available now, the Plan has three investment term options with investors being offered a potential 21% return for the three-year option; 30% for the four-year option; and 42% for the five-year option.
In all cases, return and capital will be paid at maturity providing the FTSE 100 trades at or above 60% of the starting level throughout the term. Should the FTSE fall below the 60% barrier during the term and remain below this level when the investment matures, both return and capital will be reduced on a 1:1 basis.
Full details of the Plan can be found at http://www.barclayswealthprotectedinvestments.com.
Lisa Chaudhuri, vice president, Barclays Wealth, says: “There has been an increased demand from investors for products that have a shorter investment term than is usually on offer, hence the new structure of our Target Growth Plan.
“Our new Plan offers three options of varying lengths allowing investors to choose how long they wish to be invested in the product. The longer they are able to leave their capital invested, the higher the potential return they can achieve on maturity, subject to FTSE performance. That the significant protection offered in the Plan before capital and the maximum return are reduced should also be of interest to investors.”