Barclays Wealth launches new lock-in plan
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Barclays Wealth has launched a new plan offering a potential return of 60 per cent after six years with the opportunity to lock-in gains through rises in the FTSE 100.
The UK accumulator offers full participation in the index up to a maximum return of 60 per cent, with gains locked-in for every 15 per cent rise during the investment term.
The investment will become fully capital protected as soon as the first lock-in level of 115 per cent level is reached. Before this capital would be at risk if the index falls by more than 50 per cent from its starting level at any point and remained below this level at maturity. In such an event if the index has not risen 115 per cent or more capital repayment will be reduced by the percentage by which the index has fallen.
Manager Lisa Chaudhuri says: “UK accumulator locks-in gains for given rises in the FTSE 100 while keeping investors exposed to further potential upside, giving them more certainty and less timing risk than available though other investments.”
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