Barclays has launched a new six-year Eurostoxx 50 Supertracker. It aims to offer geared exposure to European equities and a “best entry” feature intended to mitigate the risk of further market falls following the investment start date.

The "best entry" feature means that the start level, in terms of recording upside performance, is taken as the lowest monthly observation over the first six months, rather than the level of the index on the strike date (although this may be the lowest).

The unrestricted investment return is 1.55 times the rise of the Eurostoxx 50, as measured from the initial index level to the final index level on 1 August 2018.

Investors will receive their full capital back at maturity if the index closes at or above 50 per cent of the strike level at the end of the term. If the Eurostoxx 50 closes below 50 per cent of the strike level at the end of the term, capital will be reduced 1:1 in line with the fall in the index. The strike level is the level of the index on the first day of the product life, not the best entry level. The best entry level is used only for calculating any positive performance.

“Although eurozone uncertainty continues to dominate, on a relative basis the market could be attractively priced compared to the US market. Indeed, our analysis shows the differential between the price-to-book valuation of the Eurostoxx 50 and the S&P 500 is at its largest for ten years,” said Lisa Chaudhuri of UK investor solutions at Barclays.