Barclays Stockbrokers launches new income investment note

Barclays Stockbrokers has launched the Regular Income Investment Note, linked to the performance of the FTSE 100 index. The five-year note offers quarterly income payments equivalent to 7% gross per year.

The note repays original investment at maturity provided the FTSE 100 Index has not fallen below 60% of its initial level, during any point of the term. If this occurs, then capital repayment is reduced by 1:1.

“This investment note has been designed for investors looking for an attractive level of income and can be held in an Isa to make use of their tax-free allowance,” says Amy Nauiokas, managing director and head of Barclays Stockbrokers. “In this current period of sustained market volatility

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