Barclays Wealth releases next plan in target growth series
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Barclays Wealth is reissuing its target growth plan structured product with changes to its payoff and capital protection structure.
The product, which has a five-year term, offers investors a fixed return of 50 per cent at maturity, as long as the FTSE 100 index has traded at or exceeded its starting level at any point during the final three months of the investment term. Previously the payout was calculated based on the level of the index on the final day only.
Investors will see their capital returned in full unless the index suffers a significant fall and fails to trade above 50 per cent of its starting level at any point during the last three months of the term.
Lisa Chaudhuri, a manager at Barclays Wealth, says fixed-rate style investments remain popular with investors seeking to build some certainty into portfolios which are still largely exposed to market falls.
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