The Wealthbuilder investment offerings a potential maximum return of 30.9% after six years, locking in a 5.15% return on each anniversary where the FTSE is at or above its starting level. Capital will be returned in full at maturity but may be lost in the event of an early withdrawal.
The Defined Return Plan, meanwhile, offers a potential return of 18%, 30% or 45% after three, four or five years respectively.
Returns are paid at maturity as long as the FTSE 100 Index is at or above 90% of its starting level. Capital will be lost if the FTSE falls below 50% of its starting level and fails to recover by the date of maturity.
“We’ve launched the Wealthbuilder for those investors who don’t want to keep a constant track on the ups and downs in the market, as the product offers regular opportunities to lock in gains, thus giving investors greater peace of mind without the worry of market timing,” said Richard Henry, director, investment solutions at Barclays Wealth.
“The Defined Return Plan on the other hand will prove attractive to investors who are already sceptical about prospects for future FTSE growth, and want to ensure returns even if they are proved right.”
