Barclays Capital has launched three products in its offshore bond structured deposit series.
There’s a five-year, equity index-linked FTSE 100 bond, three-year and six-year, equity index-linked, euro structured deposit accounts, both linked to the EURO STOXX 50 Index.
The five-year deposit offers sterling investors a medium term traditional growth style product.
The pay-off at maturity is return of initial capital plus an investment return of 1.1 times any rise in the FTSE 100 Index (subject to monthly averaging over the last year), capped at 55%.
The three year euro deposit invests in a EURO STOXX 50 Index linked product and comes with the comfort of a full return of capital on maturity.
This Account offers a potential investment return of the rise in the EURO STOXX 50 Index after 3 years, capped at 20%.
And, for those euro clients with a slightly longer investment horizon, the six-year equity index-linked, euro structured deposit account offers a balance between a minimum return and an equity index-linked upside.
At maturity this account offers return of capital plus the greater of 12% and the rise in the EURO STOXX 50 Index after six years, capped at 50% (subject to monthly averaging over the last year).
So, no matter how the Index performs, investors will receive a minimum investment return of 12% at maturity.
While these accounts are denominated in euro, Barclays Capital says it will create similar accounts in other key currencies provided it receives sufficient demand. Accounts require a £20,000 minimum investment (or equivalent).
Access to the deposits is via most offshore life bond providers (based in Isle of Man, Dublin and Channel Islands) and select UK onshore life insurance company wrappers.
All details at www.BarclaysOffshoreSolutions.com
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