The lock-in

Now just over 12 months into its six-year life, this Barclays Bank growth product hit its first lock-in on December 21 last year. Based on the FTSE 100 index, which has risen by 17% since the product was struck, improving equity markets have ensured a healthy return so far. From now on, capital repayment is no longer dependent on index performance

Reviewed in the February 2010 issue of Structured Products, this six-year growth product was struck on February 15, 2010. Linked to the FTSE 100, the investment offers participation in the rise of the UK benchmark equity index on a one-to-one basis, subject to a cap of 60%: the cap also applies to a lock-in feature that captures every 15% rise in the index. The lock-in levels are set at 115%, 130%, 145% and 160% and are observed daily at the close of business. Capital protection is locked-in if