Barclays Capital launches FTSE income and growth plan

Barclays Capital has launched a FTSE 100-linked income and growth product offering an annual income ...

Barclays Capital has launched a FTSE 100-linked income and growth product offering an annual income of 7%. The plan, which is based on Barclays senior unsecured unsubordinated bank bonds, also provides one third of the FTSE's growth, paid at maturity. If the FTSE has dropped by 50% or more at maturity investors' capital losses will be commensurate with the index falls. Minimum investment is £50,000. "There are other structured products in the market which provide income but they do not offer much upside," says Alex Robinson, Barclays Capital director. "The funding spread - a measu...