Barclays launches first mining linked plan

The five-year note gives exposure to the following stocks: Anglo American; BHP Billiton; Rio Tinto; Vedanta Resource and Xstrata.

There is no capital protection but the product does have a 50% barrier. If this barrier is breached at the end of the term then the capital will be reduced by 1% for every 1% fall in the underlying.

The final level is calculated by working out the average of the underlying during the last 12 months of the term.

The plan is available until 30 June 2009 and the minimum inv

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