Barclays Capital has launched two new structured deposits designed for offshore bond investors, principally those using wrappers from the Isle of Man or Channel Islands.
The Five Year Guaranteed World Equity Deposit Account and a new tranche of the Five Year Guaranteed FTSE 100 Deposit Account are open for investment from 1 July to 28 August. Both products mature on 30 August 2013.
The World Equity deposit is linked to a basket of indices, comprising the FTSE 100, the Dow Jones Euro Stoxx 50, the S&P 500 and the Nikkei 225. If held to maturity, the account offers 100% capital security, together with a return of 200% of the averaged basket performance, capped at 58.5%.
The FTSE 100 account also offers guaranteed return of capital if held to maturity, plus 280% of the FTSE 100 index return, capped at 70%.
The minimum investment for the Five Year Guaranteed World Equity Deposit Account is $75,000 (£37,815), while the Five Year Guaranteed FTSE 100 Deposit Account has a minimum investment of £50,000.
Barclays Capital said that as the World Equity product provides exposure to earnings growth in a range of currencies, it could offset potential concerns over the risk of currency appreciation and depreciation.
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