Barclays Wealth lifts Defined Returns kick-out to 11%

The announcement comes as Barclays Wealth closes its previous series on 31 January, a week earlier than scheduled. Investors are now offered 11% annual return for each year the plan is in force, while the plan will automatically mature and deliver the accumulated return if the index is the same or higher than its starting level on any annual anniversary. In the event of the FTSE 100 being lower at maturity than at the starting date, investors will receive back all of their original investment. However, if the index falls by 50% and fails to recover to its initial level by maturity, capita...