Barclays Wealth offer shorter term on Super Tracker

Barclays Wealth is launching a new shorter-dated version of its Super Tracker investment. The original product, which offers exposure to the FTSE 100 index, is now available in both three and five-year maturities.

The original product offers five times leverage on any rise in the FTSE up to a maximum payout of 80%. Principal is protected provided that the index does not fall by any more than 50% during the life of the product, in which case capital loss is 1:1 with its performance. The new three-year option on the tracker offers three times any rises with a cap of 45%. Both options of the investment will be open for subscription until August 29 2008.

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