Barclays is offering a structured deposit account providing exposure to UK, US and European equities.
Access to the account is via offshore life bond providers. The product provides 100% capital guarantee with minimum returns and uncapped exposure to a basket of major indices. Depending on the currency that has been invested, the percentage return at maturity will be as follows:
• Sterling: the greater of 22% and a 160% of any percentage rise in the value of the basket
• US dollars: the greater of 15% and a 160% of any percentage rise in the value of the basket
• Euros: the greater of 6% and a 160% of any percentage rise in the value of the basket
Minimum investment is £50,000 ($75,000 or €75,000) and investors are guaranteed a full return of their initial capital investment, providing the product is held until its full five year maturity.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till