Barclays Wealth reissues Target Growth Plan with new feature

Barclays Wealth is reissuing its popular Target Growth Plan with a new payoff and capital protection structure.
Available now, the five-year product offers investors a fixed return of 50% at maturity as long as the FTSE 100 has traded at, or exceeded, its starting level at any point during the final three months of the investment term. This represents a departure from the accepted method of observing the index on the final day only.
Capital will be returned in full unless the index suffers a significant fall and fails to trade above 50% of its starting level at any point during the last three months of the term. In this event capital would be lost 1:1 with the index.
Full details of the product can be found at http://www.barclayswealthprotectedinvestments.com
Lisa Chaudhuri, manager, Barclays Wealth, says: “Fixed rate style investments remain popular with investors and advisers seeking to build some certainty into portfolios which are still, in the main, highly exposed to market falls. Our latest Target Growth is designed to deliver an attractive return even if the FTSE 100 makes little progress over the coming years; and its new protection structure means that we have mitigated the risk of observing the FTSE 100 level on the final day and now observe the most favourable position FTSE 100 over the final three months.”