Barclays Wealth reissues its popular DRP Annual Kick-Out
Barclays Wealth has reissued its popular Defined Returns Plan Annual Kick-Out which offers investors the chance of an attractive return, potentially after as little as two years.
As with previous issues, the February AKO has two options: The AKO 100 will automatically mature and deliver its stated return on any annual anniversary (from the second onwards) where the FTSE 100 is at or above its starting level.
Investors receive a return of 7.75% for every year the investment is in force: for example, if the AKO 100 matures on its second anniversary, investors receive 15.5%; if it matures on its third anniversary, investors receive 23.25%; and so on up to 46.5% on the sixth and final anniversary.
The AKO 90 also offers 7.75% for every year that the product is held and will deliver its stated return on any anniversary from the third year onwards that the index is at or above 90% of its starting level.
In both options, if there has been no early maturity after six years, investors will receive back their full capital, provided the index does not close below 50% of its starting level at maturity.
Should this occur, capital will be reduced on a 1:1 basis.
Full details of these products can be found at http://www.barclayswealthprotectedinvestments.com.
Lisa Chaudhuri, vice president, Barclays Wealth, said: "With many industry commentators still cautious over potential market growth, investors continue to seek products which can deliver an attractive return even if markets remain flat.
Kick-Out products continue to be in high demand with investors who are reluctant to leave their capital languishing in low-paying savings accounts but also nervous of going straight into the equity markets.
This product set offers an appealing alternative.
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