Barclays Capital, the investment banking division of Barclays Bank Plc, has launched the Four Year Protected Dollar Digital Deposit Account, a new product in its structured deposit series for offshore bonds. The account, which is denominated in US dollars, is available until April 29 and offers protected exposure to the Dow Jones Eurostoxx 50 Index and gives investors attractive potential returns with the security of full capital protection on maturity.
The account provides an opportunity to invest in a capital protected product for those advisers who have clients looking to invest US dollars. In addition to the full return of capital on maturity, it offers a 26.5% coupon if the index is at least as high on April 30, 2014 as it is on April 30, 2010.
Barclays Capital has also launched the Four Year Protected Digital Deposit Account, which offers protected exposure to the FTSE 100 Index and provides full capital protection on maturity. This account returns the capital invested on maturity in full, no matter how the FTSE 100 Index has performed, plus a 24.0% coupon if the index is at least as high on April 30, 2014 as it is on April 30, 2010.
Whilst these accounts have only been made available in either GBP or USD, Barclays Capital can create similar accounts denominated in other key currencies. Both require a minimum investment of GBP 50,000 (or equivalent).
“We have taken this opportunity to offer US dollar investors the chance to access a capital protected product. We have seen increasing demand for a USD product and feel that the account has an attractive mix of protection and potential return,” explained David Macdonald, Director, Barclays Capital.
Access to the deposits is not available directly, but from most offshore life bond providers (based predominantly in Isle of Man, Dublin and Channel Islands) and select UK onshore life insurance company wrappers. The brochures and fact sheets for the deposits are available at www.BarclaysOffshoreSolutions.com .