Barclays launches annual kick-out plan

Provider’s latest plan aims to offer investors a return of 8 per cent a year, with a possible early maturity from the first anniversary onwards.

The early maturity is subject to the performance of the FTSE and it being equal to or more than the initial index level on yearly anniversary dates from the first anniversary onwards.

The product is open to investors from today (7 February) until 2 March 2012 and has a maximum maturity period of six years.

Richard Henry, director of Barclays Wealth, said: “Many investors remain cautious regarding the FTSE’s outlook and are looking for ways to insulate their capital investment from market uncertainty, while at the same time making returns from moderate growth where possible.

“This Defined Returns Plan Annual Kick-Out aims to offer investors an 8 per cent return per annum while offering full capital repayment should the FTSE not fall below 50 per cent of the initial index level.

“Should the investment be held for the full term and on maturity the FTSE is below 50 per cent of the initial index level, no return will be made and the capital repayment will be reduced by the percentage amount that the final anniversary index level is lower than the initial index level.

“This product is another innovative offering from Barclays Wealth for investors who are looking to mitigate risk and balance their portfolios in the current turbulent economic market environment.”