New income deposit account

HSBC adopted Giuseppe Verdi's Aida to highlight "the capital security and wealth potential" of its new Annual Income Deposit Account.

AIDA, a five-year capital secure term deposit denominated in Maltese liri, is split into two, with half receiving gross annual interest of three per cent while the other half is invested into share indices on which customers will receive a participation rate on any growth.

Income will be attained once annually with the equity gains, if any, based on the indices' growth during that year.

Compared to HSBC's Equity Linked Deposit Account, AIDA will pay out interest and coupon on any growth gains of the share indices annually, and therefore enhancing interest payment. Any growth in the indices is always against the original strike date, next month, and not subsequent anniversaries, so investors can enjoy a coupon on any growth annually until the deposit matures.