Barclays Wealth has launched a product paying a potential capital return of 60% after six years of investment with lock-ins for given rises in the underlying index. Manager Lisa Chaudhuri said the lock-in feature was designed to give investors more certainty and less timing risk than other investments.
UK Accumulator is a growth product linked to the FTSE100 using a combined capped call, ladder, protected tracker payoff, which offers 100% of the rise in the underlying index up to a maximum return of 60%, with every 15% rise in the FTSE locked in for the investment term, up to a maximum return of 160%.
Investor capital will become fully protected as soon as the first lock-in level is reached. Before this point, capital is at risk if the underlying falls below 50% of its strike level at any point during the term and remains below this level at maturity with a one-for-one loss thereafter.
The UK Accumulator will be open until 29 January 2010. Minimum investment is £3,600.
This product is available in Recent Additions (UK).