Robert Clark

A/Insp. Steve McGrath, Barclays Area Personal Customers Director Rob Clark, PC Emma Brown and Barclays Manager Matt Couzens at today's Melksham launch.

"This is the fourth edition of HILDA, which continues to increase in its popularity having previously received over £250 million in deposits across the first three issues," said Robert Clark, Head of International Premier & Personal Middle East & Eastern Mediterranean, Barclays Private Clients.

The account is available in two sections - 50 per cent will be invested in a high interest deposit account for 12 months, which guarantees a fixed return of five per cent GROSS/AER over the term.The interest will be paid at the end of the investment term.

The remaining 50 per cent will be invested in an equally weighted basket of four stock market indices which will track the FTSE 100, Standard & Poor 500, Dow Jones Eurostoxx50 and Nikkei 225.

"There is no risk to the investment capital and both the maximum overall and maximum return available from each index are capped at 25 per cent," said Clark.

The cash element will be invested from February 10, 2003 to February 10, 2004.The stock market element will be invested from February 10, 2003 to February 8, 2008.Although customers can access the cash element of the investment at any time, the indices investment has to remain invested for the full five-year term.The return after five years is based on the average of the performance of each index.

International clients, whether new or existing Barclays customers, can invest a minimum of US$15,000 or US$1.5 million.Customers who invest between November 25, 2002 and January 24, 2003 will receive interest at a rate one tier above the level they would normally receive on an equivalent amount placed in a Barclays one month Fixed Rate Savings Account.

"London property is very popular, especially among GCC locals and we are giving them and UK expatriates the opportunity to safely invest in one of the world's most coveted property markets," said Robert Clark, Barclays Head of Premier and Personal Banking Middle East and East Mediterranean.

"Investors can opt to either cash in their investment with an inflated return or buy that property in the future and manage it through Barclays' existing property management service," said Clark.
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The High Interest Cash Deposit account runs for 12 months with interest and the cash repaid on September 9, 2003 and there are no restrictions or penalties for early withdrawals from this account," said Clark.

"With the current stockmarket uncertainty and no capital downside, the HILDA 3 provides a combination of good interest and potential capital returns, that should prove to be popular with our Middle East clients," said Robert Clark, Head of International Premier & Personal Middle East & Eastern Mediterranean, Barclays Private Clients.

The third edition of the award-winning HILDA follows hard on the heels of earlier editions, which received over L150m in deposits.

The account is available in two sections - 40 per cent can be invested in a high interest deposit account for 12 months, which guarantees a fixed return of eight per cent GROSS/AER over the term.

The interest is paid at the end of the investment term.The remaining 60 per cent can be invested in an index-linked account, which tracks the Standard and Poor 500 for US dollar investors or the FTSE 100 for sterling investors.
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"There is no risk to the investment capital on which the investor will receive 60 per cent of any growth in the chosen index," said Clark.

The cash element will be invested from May 13, 2002 to May 13, 2003.The stock market element will be invested from May 13, 2002 to May 14, 2007.Although customers can access the cash element of the investment at any time, the stock market investment has to remain invested for the full five-year term.

International clients, whether new or existing Barclays customers, can invest a minimum of L10,000, or US$15,000, up to a maximum of L1 million, or US$1.5 million.Customers who invest between March 4 and April 26, 2002 will receive interest at a rate one tier above the level they would normally receive on an equivalent amount placed in a Barclays one month Fixed Deposit Account.

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