Barclays Wealth targets the cautiously optimistic and bearish investor
Jennifer Lowe | Latest investment news, 29 May 2009
Barclays Wealth is reissuing its Target Growth protected investment for investors seeking a high return, even if the FTSE 100 loses considerable ground over the next few years.
Launching on 3 June, Target Growth will pay a return of 50 per cent after five years plus full repayment of capital, as long as the FTSE 100 has not fallen by more than 50 per cent at the end of the term.
As an additional safety feature, the 50 per cent capital-at-risk barrier is only observed at maturity, meaning that index performance throughout the rest of the term has no bearing on the investment return and repayment of capital.
If the index has fallen by more than 50 per cent at maturity, Target Growth combines the investment return and investors’ original capital to minimise losses. In all cases where the plan is below the 50 per cent barrier at maturity, both capital and the return will reduce 1:1 with the index. So if the FTSE 100 finishes down 50.1 per cent, investors will still see 75 per cent of their original investment being returned.
For more information, visit www.barlcayswealth.com.
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