Barclays Wealth launches Target Growth Plan

Similar to other index-linked issuances, the new Target Growth Plan will return 55% and repay the original capital for any FTSE losses up to 50% over its five-year term. However, unlike many products available in the marketplace, Barclays Wealth says the plan could repay the initial investment even if the FTSE 100 falls under the 50% threshold and does not recover to its starting level at maturity. If the index does fall below 50% during the term and remains lower than its starting point after the five years, both capital and the 55% return will reduce on a 1:1 basis with the index. I...