Barclays Capital unveils deposit account with exposure to FTSE 100
From Products Feb 7 2012 BY: Helen Burggraf
, Contributing Editor
, International Adviser
Barclays Capital has launched a new sterling-denominated product in its Structured Deposit series for offshore bonds as well as “select” UK onshore life insurance company wrappers, which returns investors’ capital to them on maturity while also giving them exposure to the FTSE 100.
The potential return -- which, as is normally the case with such products, is linked to the market’s performance -- in this instance is capped at 21%.
As it has in the past, Barclays Capital said that it is willing to create similar accounts denominated in other major currencies “where demand is sufficient”.
The new UK Equity Index Linked Structured Deposit Account, described by BarCap a “three-year...traditional growth-style product linked to equities”, is available now through 29 March 2012.
Barclays Capital’s head of retail insurance solutions, David Macdonald, said the new deposit account offered investors “the potential for attractive returns combined with capital protection”.
Retail customers access the new BarCap deposit account from offshore life bond providers and “select”UK onshore life insurance company wrappers, the company said.
Brochures and fact sheets for the new deposit account may be found at www.barclaysoffshoresolutions.com.
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Name of product:
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UK Equity Index Linked
Structured Deposit Account
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Offer period:
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1 Feb 2012 to
29 March 2012
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Investment date:
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30 March 2012
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Maturity date:
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31 March 2015
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Investment index:
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FTSE 100 Index
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Minimum investment:
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£20,000
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Investment return cap:
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21%
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