Barclays launches regular income bond

Barclays Wealth has launched the five-year Regular Income Bond which pays an annual income of 8%. The product is linked to the Dow Jones Stoxx50 Index, which offers exposure to 50 ‘supersector’ stocks across Europe, providing significant exposure (38 per cent) to the UK, in addition to 17 other countries including Germany, France and Switzerland.

The plan offers investors an income of 8% a year or 1.95% per quarter. Capital will be returned unless the index falls by 40% and fails to recover to its initial level by maturity, in which case capital is lost 1:1 with the index.

The plan also features a growth option which offers investors a return of up to 55 per cent. Both capital and final growth returns will be received in full unless the Dow Jones Stoxx50 Index falls by 40 per cent or more below its starting level and fails to recover at