Barclays Capital has launched two new deposit accounts as part of its latest 'Structured Deposit series for Offshore Bonds' product offering.
The two accounts are: the Three Year Guaranteed Digital Deposit Account and the Five Year Guaranteed FTSE 100 Deposit Account. Both offer exposure to the UK's FTSE 100 blue-chip index.
The Three Year account returns the full sum invested on maturity, irrespective of the FTSE performance, plus a 17% coupon if the index is at least as high on 31 August 2012 as it is on 29 August 2009.
The Five Year account allows investors the chance to invest in a capital guaranteed product for advisers seeking a longer-term and more traditional growth payoff for their client base. The product offers 220% of the rise in the FTSE 100 Index over the course of the term capped at 55% return, as well as the full return of capital on maturity. The investment date is 28 August 2009 while the maturity date is 29 August 2014.
The offer period for both accounts runs from 1 July to 27 August, with a minimum investment of £50,000.
David Macdonald, director Barclays Capital, says the company can create similar accounts denominated in other key currencies where demand is sufficient.
"We have continued to see significant demand from advisers for both the Three Year Guaranteed Digital Deposit Account and the Five Year Guaranteed FTSE 100 Deposit Account over the last couple of tranches, so the decision to re-launch these was an easy one to make," says Macdonald.
"With these products we are looking to fuse attractive potential returns with the security of a full capital guarantee on maturity and with term cash rates still low I feel they offer an exciting balance for investors," he adds.
Access to the deposits is via most offshore life bond providers. More information is available from: www.BarclaysOffshoreSolutions.com.
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