Barclays boosts annual return on latest tranche of Defined Returns

Barclays Wealth has boosted the annual payoff on the latest tranche of its Defined Returns Plan, als...

Barclays Wealth has boosted the annual payoff on the latest tranche of its Defined Returns Plan, also closing the last version a week early due to demand. The plan offers an 11% annual return for each year the hit is in force, compared to 10% on the tranche launched in December. If the index is either the same or higher than its starting level on any anniversary, the five-year plan automatically matures and delivers the accumulated return. Capital is only at risk if the index falls over 50% and fails to recover by the end of the term. Defined Returns, which is open between 1 Februar...