Barclays Wealth reissues Growthbuilder

Barclays Wealth has launched a new edition of its Growthbuilder after considerable IFA interest. The six-year product, which is available now, is aimed at cautious investors looking for the potential to achieve an above cash return.
The Growthbuilder offers a 6.6% locked-in return for every year that the FTSE 100, on any of the Plan’s six anniversaries, is at or above its starting level. If the FTSE is below its starting level on any anniversary, no return will be locked-in – but this will not affect investors’ chance to lock-in future gains.
Investors’ capital is fully 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 the product can be found at http://www.barclayswealthprotectedinvestments.com.
Lisa Chaudhuri, vice president, Barclays Wealth, says: “Transparent lock-in products such as Growthbuilder are proving to be extremely popular, driven by uncertainty over the strength of future FTSE 100 performance. The potential 6.6% annual lock in gives investors the opportunity to achieve a return above cash as they look for alternatives to standard deposits.”