Capital Protected Investments News Barclays Wealth Launches New Protected Investments 18469801
Barclays Wealth launches new protected investments
26 August 2009 / by Andy Davies
Barclays Wealth has launched new issues of its protected investments following the early closure of its preceding range.
The protected investments will include its Minimum Return Plan, Protected FTSE Plan and UK and US Super Trackers, after high demand for the previous editions forced Barclays to close them early.
Its Minimum Return Plan will be a six year investment offering a fixed payment of 18 per cent, plus an additional 24 per cent if at maturity if the FTSE 100 index does not trade below 60 per cent of the strike level throughout the term.
The global wealth manager’s reissue of the Protected FTSE Plan will offer investors two times the rise of the FTSE 100 up to a maximum return of 45 per cent, whilst also offering a lock-in rate of 22.5 per cent or more if the index closes at or above this level during the final year.
Both of these plans will also offer full capital protection at maturity to investors.
Explaining the decision to launch the new issues, Lisa Chaudhuri, manager at Barclays Wealth, said: “Demand has been exceptionally high for these products as investors have sought to secure either fixed rates or the chance to accelerate gains from markets which may remain fairly flat over the coming years.”
The UK Super Tracker has a three or five year option offering three times the rise of the FTSE 100 up to a maximum return of 33 per cent for the three year option and up to 75 per cent for the five year option.
The US Super Tracker will be linked to the S&P 500 offering investors three times the rise of the index up to a maximum return of 66 per cent.
Investors will, with all three investments, get back their initial capital unless the index falls by more than 50 per cent and is lower than its starting level at maturity, meaning the capital would be reduced on a 1:1 basis.
Ms Chaudhuri added: “With interest rates expected to remain low for the foreseeable future we believe investors will continue to look for ways to gain attractive returns without taking the risks connected with unprotected equities.”
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Capital Protected Investment Products
Product Name | ISA Option | Maximum Potential Return | Term | More Info | |
---|---|---|---|---|---|
Investec FTSE 100 Income Deposit Plan |
3.50% per annum |
6 years | More Info > | ||
6 year capital protected deposit plan paying a potential income of 3.50% annually or 0.28% monthly. Also available for Cash ISA and Cash ISA transfer. | |||||
FTSE 100 Kick Out Deposit Plan |
6% per annum |
Up to 6 years |
More Info > | ||
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 5% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer. |
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