Barclays Wealth launches new structured deposit

• New structured deposit issued by Barclays Bank PLC
• Potential return of more than 31% at maturity
• Lock-in feature can ring fence returns at annual anniversaries

Barclays Wealth has reissued its flagship structured deposit aimed at those seeking a compelling alternative to traditional deposit accounts.
Linked to the FTSE 100, the Wealthbuilder aims to provide depositors with a maximum return of 31.20% after six years. The deposit, which was first launched for retail investors in September, locks in 5.20% on each anniversary that the Index is at or above its starting level. If the Index is below its starting level on any anniversary, no return will be locked in. Investors’ full capital is returned at maturity irrespective of market performance. However, if investors withdraw from the product before maturity, some of their capital may be lost.
Full details of this product can be found at http://www.barclayswealthprotectedinvestments.com.
Lisa Chaudhuri, vice president, Barclays Wealth, says: “Wealthbuilder is designed to offer an alternative to traditional deposit accounts as it offers the opportunities to lock in profits, therefore giving the chance to ring-fence growth during the term. It will return a potential 31.20% over the term while also offering the same capital security as a traditional deposit.
“With alternative savings products still thin on the ground, a product that offers attractive returns in a low interest rate environment is likely to be desirable to investors.”