Barclays Stockbrokers Launches Capital Protected Investment Notes
Barclays Stockbrokers has launched two new investment notes to tie in with the start of ISA season – one linked to the Dow Jones EuroSTOXX 50 Index, and one tracking the performance of the FTSE 100 Index. Both have been designed to provide diversity to investors’ portfolios and, if held in an ISA, PEP or SIPP, offer a tax efficient investment opportunity. The Euro STOXX Top 50 Investment Note is a five-year note that tracks the Dow Jones EuroSTOXX 50 Index and the company claims it offers a potential return of 75% if the final level of the index is equal to or higher than the initial level. Investors will receive their full investment back at maturity provided that the Index hasn’t fallen below 60% of the initial level and failed to recover, in this case their capital return will be reduced by 1% for every 1% that the index is below its initial level. The FTSE 100 Capital Protected Investment Note is a six-year growth investment that is designed for investors who want to share in the growth potential of the FTSE 100 Index. It will provide investors, at the end of the term, with 100% capital protection and a return of 133% of any rise in the Index, subject to a maximum index rise of 60%. Therefore investors’ returns are capped at 80%. Both of these are eligible to be held within Barclays Stockbrokers Investment ISA, PEP or SIPP and so provide tax-free returns.