Barclays Wealth launches protected kick-out investment

Barclays Wealth has launched a new protected kick out investment linked to the FTSE 100 index for UK investors. The FTSE Generator Bond deposit structure has the potential to kick out halfway through its six-year tenor and capital is 100% protected at maturity.

The first observation date is on the product's third anniversary, when the it will automatically mature with a return of 18% if the FTSE 100 is at or above its level when the product opened.

If the FTSE is not at this level, then the product continues to its next observation date six months later. Coupons will accrue at a rate of 6% a year, and observation dates will take place every six months until maturity if the kick out condition is not satisfied before then. If the FTSE is still not at its