Barclays Wealth targets income seekers with new Defined Distribution Plan

Linked to the performance of the FTSE 100 Index, the six-year Defined Distribution Plan offers the potential of fixed payments of 8%, provided the index is at or above 90% of its starting level on each anniversary. If the FTSE is below this level on any of the plan’s anniversaries, no income will be paid for that year. Investors’ capital will be repaid at maturity on the condition that the index has not fallen below 50% of its starting level during the term and remains below its starting level at maturity. Should this occur, capital will be reduced on a 1-for-1 basis in line with the ind...