Structured Products first reviewed this simple minimum return product linked to the FTSE 100 in April 2007. Issued by Barclays Bank, it offers investors the greater of 28% or a 50% participation in the FTSE 100 over a six-year term. The product is capital protected, so investors will receive at least 128% (100% of capital plus a 28% return) at maturity, regardless of index performance.
The FTSE 100 stood at 6,555.5 on the strike date of May 14, 2007. Its highest closing level during the previous