Barclays launches new Defined Returns plan

Barclays Wealth has launched the latest version of its Defined Returns Plan which is designed to offer three return options.

The capital guaranteed plan, linked to the performance of the FTSE 100 index, is available either as a three-year option which offers a return of 20% or a five-year option which pays 42.5% at maturity, provided that the level of the index is at or above its initial level.

he plan also features a five-year kick-out option which pays a 10% annual return for each year the plan is in force. If the index is at or above its initial level on any anniversary, the plan will automatically mature and pay