Barclays reissues UK Accumulator

Monday, 15 February 2010 12:00

Barclays Wealth has reissued its six-year UK Accumulator product, which has potential gains of 60 per cent.

The company said that a successful first launch led to the reissue of the product, which locks-in gains of 15 per cent.

Barclay's Accumulator is linked to the FTSE 100 and if the index rises by 15 per cent from its starting level, the money is locked in, while another 15 per cent return means 30 per cent is locked in. This rises to a maximum payout of 60 per cent.

Lisa Chaudhuri, manager of Barclays Wealth, said: "By locking-in gains while remaining exposed to future growth potential, the Accumulator essentially mitigates timing risk."

She added that the capital is returned when the product reaches its first lock-in point.

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