Product review: Barclays UK accumulator

Barclays has offered an accumulator product based on the FTSE 100, with lock-ins for every 15% rise in the index subject to a 60% cap. If the index does not trade above a 115% strike level and the 50% protection barrier is breached, capital is not protected

This product offers participation in the growth of the FTSE 100 subject to a maximum return of 60%. The additional lock-in feature allows the product to lock-in index growth if the FTSE 100 trades at or above 115%, 130%, 145% or 160% of its initial level on any day. For instance, if the index rises by 15% at the close of business, the product will lock-in this amount and investors will receive a minimum of 15% plus their initial capital at maturity. This rule applies for every 15% rise in the