Barclays Wealth launches more defined returns plans

Barclays Wealth has launched a new defined returns plan series, backed by Barclays Bank. DRP Capital Protection offers the benefit of full capital protection in three forms: a three-year at 18%, a four-year at 28%, and a five-year at 40%.

The return is dependent on whether the FTSE 100 at maturity is equal to or higher than its level at the starting date.

Barclays Wealth has also launched the DRP Annual Kick-Out, which delivers a 13.5% return after 12 months as long as the FTSE 100 is at or above its starting level on the plan's first anniversary. Should this not occur, the plan will continue to its second anniversary, at which it will pay out twice the potential first year return - 27% - if the FTSE matches or exceeds its