Five-year income linked to FTSE 100 and the Bank of England base rate

Barclays is offering UK investors a five-year income product based on the fortunes of the FTSE 100 and rises in the Bank of England base rate. Capital is at risk at maturity if the index breaches a 50% barrier

Barclays has launched a five-year income product linked to the FTSE 100 index and the Bank of England base rate. The note pays the higher of 5.76% per annum or the Bank of England base rate plus 3% per annum regardless of index performance. Investors must be prepared for the loss of capital if the index breaches the 50% barrier during the product term.

Investors will receive monthly fixed income payments throughout the life of the product no matter how the FTSE 100 performs. The product will pay