Barclays reissues target growth plan

Barclays Wealth has reissued the Target Growth Plan, which is designed to provide exposure to the FTSE 100 index and offers a potential return of 50% at maturity. Barclays aims to raise £5-10 million on the plan.

The five-year trade is non-principal protected and will pay a return of 50% unless the index falls below 50% of its starting level at any time during the five-year term and its final level is below the initial level. The product then pays 50%, minus the percentage by which the final level is lower than the initial level if it has fallen during the product life. If the index has fallen by more than 50%, capital loss will occur on a 1:1 basis.

Returns are taxed as capital gains and the minimum

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