Barclays Wealth will launch its new Defined Returns Plan with enhanced annual kick-out options and improved pay-offs on the three and five year terms.
The new kick-out offers investors a 12.75% return for each year the plan is in force, up 1.75% on the previous series. If the index is the same or higher than the starting level on any annual anniversary, the plan will automatically mature and deliver the accumulated return. Open between 7 April and 2 June, the two capital protected options feature a fixed return of either 18.75% (three year) or 40% (five year), provided the FTSE 100 at maturity is equal to or higher than its starting level. The previous pay-offs were 18% and 38.5% respectively. Should the FTSE 100 be lower at maturity t...
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