Barclays Wealth has launched a rollover tranche for Defined Return Plan Annual Kick Out (DRP AKO), which knocked out after a year returning 12% growth because the underlying FTSE100 had at least maintained its 4282.67 strike level on the first annual observation date.
Defined Return Plan AKO Maturity Edition is targeting investors wanting to re-invest their capital. The new five-year product, which will only be available to investors in the maturing tranche, pays 8% for every year the product remains live on the annual observation date on which the FTSE100 is at or above its strike level, with 50% soft protection.
Barclays Wealth is currently marketing DRP AKO 100 and DRP AKO 90 'standard' products, two six-year FTSE100 knockouts paying 7.25% per year. (DRP AKO 90 begins observation in the second year.)