Barclays Wealth launches short-dated Super Tracker to meeting mounting demand

Barclays Wealth is launching a three-year version of its popular Super Tracker to meet mounting demand for short-dated investments able to boost returns in a low growth environment.

The new Super Tracker, open until 29 August (visit www.barclaysinvestors.com/ifa for full details), offers three times the rise in the FTSE 100 up to a maximum of 45 per cent.

This means the index only needs to rise by 15 per cent for investors to receive the full return.

As with the five-year version - launched earlier this month with investments including the Protected FTSE Plan - the three-year Super Tracker will return investors' full capital unless the FTSE 100 falls by more than 50 per cent from its initial index level and is not at least equal to or higher than the initial index level at maturity, in which case capital is lost on a 1:1 basis in line with the index.

Colin Dickie, director, Barclays Wealth, says: "Our five-year Super Tracker has been a regular offering to intermediaries; however we have experienced significant interest in a shorter-dated alternative.

Having launched shorter dated Super Trackers in the past, we know there is appetite for this type of structure and with a number of maturities imminent, it makes sense to have an attractive investment for investors to roll-over into".

Barclays Bank PLC issued notes support this product.

Barclays Bank PLC's capacity to meet its financial commitments is deemed very strong, as supported by a number of independent assessments from leading credit rating agencies such as Standard and Poor's, where the rating is 'AA (this has remained unchanged since 1994).

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