Barclays Wealth reissues Target Growth Plan with new protection structure

Barclays Wealth is reissuing its Target Growth Plan with a new structure which eliminates the investment’s capital-at-risk element if the FTSE 100 rises by a set amount at any point during the investment term.
Launching this week, the five-year plan will deliver a 50% return as long as the index has not fallen below its starting level at maturity. Capital only becomes at risk if the index has fallen by more than 50% at the end of the term, in which case capital would be lost 1:1 with the index.

However, in a significant departure from previous issues of Target Growth, the plan will become fully capital protected if the index, at any point, rises above 30% of its starting level. In this event, investors’ capital will be returned in full irrespective of the level of the FTSE 100 at maturity, although the 50% investment return will, as previously outlined, not be paid if the index closes below its starting level.
Full details of the Plan can be found at http://www.barclayswealthprotectedinvestments.com
Lisa Chaudhuri, manager, Barclays Wealth, says: “We are constantly seeking ways to enhance our products and by changing Target Growth’s payoff and protection structure we have been able to add another dimension to the appeal of an already popular investment. A 50% fixed return after five years with the prospect of full capital protection in the event of the FTSE 100 rising by 30% is a compelling offer at a time when few experts can agree on the likely strength of the recovery in UK equities.”