Barclays Wealth reissues Super Tracker and Regular Income Bond products

Global wealth manager Barclays Wealth has announced it is reissuing its Super Tracker and Regular Income bond products with improved rates.

The five-year Super Tracker option offers a return of three times the first 25 percent increase in the FTSE 100 up to a maximum of 75 percent. The three-year Super Tracker option offers three times the first 10 percent rise of the FTSE 100, up to a maximum of 30 percent.

Lisa Chaudhuri, manager at Barclays Wealth, said, “Market conditions have improved markedly since March and risk appetite has begun to return. However, with economic growth expected to be below-trend over the coming years and consumers likely to remain under pressure, continued strong market performance is far from certain.

Our Super Trackers will appeal to investors looking to gear up market returns with an element of capital protection, while our Regular Income Bond offers an attractive rate of income for investors willing to accept a degree of risk to capital.”

Under the new rates, investors will receive back their original capital unless the index falls by more than 50 percent during the term and is lower than its starting level at maturity, in which case capital is lost on a 1:1 basis.

There’s also the Regular Income bond. The six-year FTSE-linked product offers an annual income of 6.5 percent or a monthly income of 0.53 percent.

As with the Super Tracker, investors’ capital is repaid in full unless the FTSE falls by 50 percent and remains lower than its starting level at maturity. In this situation, capital will be lost on a 1:1 basis.