Barclays completes revamp with kick-out plan

Barclays has unveiled the final structured product in its capital protected range revamp. The defined returns plan is linked to the FTSE 100 with three maturity options, including a kick-out plan.

Investors can receive either 21% after three years or 45% after five years, provided that the FTSE 100 is at or above its initial recorded value. Investors will receive their capital back as long as the product is held until maturity. Should the FTSE slip below 50% of the starting point and not recover by maturity, capital loss will correspond 1:1 with the index.

The kick-out option will give a cumulative 9.5% return for every year the plan continues. It matures if the FTSE hits its initial