Barclays Wealth has relaunched its Regular Income Bond (RIB).
Investors in the six-year plan can choose either an annual payment of 5.75% or a monthly payment of 0.4667%. In both options, investors' capital is lost if at any time during the term the FTSE falls to a level more than 50% below its starting level and, at maturity, is below its starting level. If this does occur, capital will be lost on a 1:1 basis. Barclays Bank serves as counterparty for the plan. Lisa Chaudhuri, vice president, Barclays Wealth, says: "With interest rates remaining low and looking unlikely to rise in the foreseeable future, investors are increasingly on the look...
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