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Barclays Stockbrokers new investment note targets investors seeking income


* Regular Income Investment Note linked to the performance of the FTSE 100 Index
* Quarterly income payments equivalent to 7% pa.

Barclays Stockbrokers today announces the launch of a new Investment Note targeting those investors seeking income, which offers quarterly income payments equivalent to seven per cent p.a. gross. The Regular Income Investment Note comes with a five-year term and is eligible to be held within a trading account, Investment ISA* or SIPP. If it is held in a tax wrapper account then the 7% pa income is tax free. Capital repayment on this Note is linked to the performance of the FTSE 100 Index, which comprises the 100 most highly capitalised blue chip companies traded on the London Stock Exchange1. Investments can start from as little as £500.

The Regular Income Investment Note is designed to repay the original investment at maturity provided that the FTSE 100 Index has not fallen to less than 60 per cent of the Initial Index level at any point during the term. If it has then capital repayment is reduced by one per cent for every one per cent the Index is below its Initial Level2. The Note is a Structured Capital-at-risk Product (SCARP).

Amy Nauiokas, MD and Head of Barclays Stockbrokers says: “This Investment Note has been designed for investors looking for an attractive level of income, and can be held in an ISA to make use of their tax-free allowance. With the current tax year coming to an end, investors should be taking advantage of their ISA allowance and also looking ahead to the next tax year.

“This is the first time that we have offered an income paying Investment Note, and this has been in response to the strong demand from clients for income based investments. In this current period of sustained market volatility, Investment Notes are designed to deliver investors attractive returns but also provide for repayment of capital provided that specific conditions are met. They also offer the flexibility of being able to buy and sell on a daily basis.”


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