Barclays Stockbrokers has launched a new investment note which promises a 13.5 per cent rise for each year it is in force, even if the FTSE 100 index does not rise substantially.
The FTSE 100 Defined Returns Investment Note has a term of up to five years and matures on the first anniversary when the index is at the same level or higher than it was when the product launched.
Barbara-Ann King, head of proposition at Barclays Stockbrokers, said: "Despite volatility dominating financial markets throughout the past year, it is encouraging to see nearly half of our clients predict recovery in the FTSE over the next six months."
Unless the FTSE 100 index falls by more than 50 per cent over the term of the product, investments will benefit from capital protection.
Yesterday, Barclays Wealth launched a similar investment product known as the Defined Returns Plan Annual Kick-Out, offering a potential return of 12 per cent a year.
Barclays Stockbrokers launches new investment product
Barclays Stockbrokers launches new investment product
Thu, 05 Feb 2009
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