• FTSE 100 10.2% Autocall offers potential return of 10.2% for each year of the term.
• Exclusively available to Barclays Stockbrokers clients until 28 September 2011.
The FTSE 100 10.2% Autocall offers investors the opportunity to make an attractive potential fixed return of 10.2% for each year of a maximum six year term. If the FTSE 100 is at or above its Starting Level (closing level on 28 September) on the first or a subsequent anniversary, investors will receive 10.2% for each year that the investment is in effect, and the investment will end with full repayment of capital; i.e. investors could receive returns of 10.2% after one year; 20.4% after two years; 30.6% after three years; 40.8% after four years; 51% after five years or 61.2% after six years, in addition to the full repayment of capital.
The repayment of the initial investment at redemption after six years depends on the performance of the FTSE 100; investors will lose capital if the FTSE 100 closes below 60% of its Starting Level on any day of the term and is below the Starting Level, at redemption. If this happens, capital will be reduced by the same percentage by which the FTSE 100 has fallen.
If at maturity, the FTSE 100 closes below the Starting Level, yet closed at or above the Barrier (60% of the Starting Level) on each and every day during the six year term, the investor will receive no return but their capital will be repaid in full.
Paul Inkster, Head of Product, Barclays Stockbrokers, said: “The FTSE 100 10.2% Autocall offers the possibility for attractive double digit returns even if the FTSE 100 makes only modest gains. We have offered similar products in the past and they have consistently proved popular with investors who are prepared to risk part of their original investment in exchange for the potential of attractive returns. We listen to what our clients tell us and we hope that this product will prove popular with them.”
Returns are tax-free if the product is held within an Investment ISA or SIPP. If held outside a tax-efficient account, returns are subject to Capital Gains Tax.
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