BARCLAYS Bank has launched a further tranche of its Defined Returns Plan.
The plan has both three-year and five-year options and offers investors a fixed return if the FTSE 100 Index at maturity is the same as, or higher than its starting level. For investors choosing the five-year option, it offers a potential fixed return of 37.5pc, with the three-year option offering investors a potential 18pc return at maturity. Capital is 100pc protected if held to maturity. The potential returns from the Defined Returns Plan are treated as capital gains so investors have the opportunity to use their CGT annual exemption to marginalise the tax charge on any gain. ...
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