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Barclays Wealth reissues FTSE plans with lock-in feature

Barclays Wealth is reissuing its minimum return plan and protected FTSE plan with a new feature to lock in returns for cautious investors.

The five-year protected FTSE plan launches on May 9 and offers a return equal to two times the first 25 per cent rise in the FTSE 100, subject to a maximum return of 50 per cent.

A new feature has been introduced which locks in a 25 per cent payout if the FTSE 100 on any day over the final year closes 25 per cent or more above its starting level. This is in addition to averaging over the final six months.

If the index matures higher than its starting level investors still receive two times the rise in the index, subject to the maximum return of 50 per cent and if the new lock-in feature has been triggered, not less than 25 per cent.

Also reissued on May 9 is the six-year minimum return plan offering a fixed payment of 18 per cent, plus an additional 24 per cent should the FTSE 100 trade at or above 60 per cent of the strike level throughout the term.

Both investments offer full capital protection at maturity and close on July 6, 2009.

If the investments are sold before maturity, investors may get back less than they invested.

Barclays Wealth manager Lisa Chaudhuri says: “Our new plans are designed for investors who are not prepared to put their capital at risk but who still require an attractive return.”

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