Barclays Wealth has unveiled its latest Target Growth Plan, offering a return of 50% plus capital repayment provided the FTSE 100 has not fallen by 50% at the end of the plan's five-year term.
Unlike previous tranches, this plan will only observe the capital-at-risk barrier at maturity, rather than throughout the life of the plan.
However, should the index closes below 50% of its starting level at maturity, both capital and the return will be reduced commensurate with index falls.
"The first issue of our Target Growth Plan had the same large safety margin but to further mitigate the risk the new issue will only observe the capital at risk barrier at maturity," Barclays Wealth director Colin Dickie says.
"This means index performance only becomes relevant on the final day of the plan, the index can fall by any amount in the interim without putting capital at risk."
Minimum investment is £5,000 and returns are treated as capital gains. The offer period runs until 29 May.IFAonline
Feasibility study due
'Let’s be bold enough to demand change'
Joint life second death option added to relieve tax burden on couples gifting assets
Backed by Schroders, LGIM and the IA
New system for funds without without three-year track record