HSBC 'Win Win' earns 23 per cent on maturity

HSBC has announced that its 'Win Win' deposit account, a structured product launched in April 2005 and which came to maturity last May 20, has generated excellent results over a period of three years in spite of difficult market conditions.

Customers who invested in this product earned just over 23 per cent on their original deposit over the three-year period, equivalent to 7.75 per cent per annum. This represented 90 per cent participation on the FTSE 100 index, to which the product was linked and which had a total growth of over 25 per cent over the period.

HSBC have now launched a new structured product for these customers to invest their returns from the 'Win Win' account. Such proceeds may now be invested in a new Equity Linked Deposit Account (ELDA) 17.

This product is a capital-protected account denominated in Sterling. With this account customers will receive a guaranteed yearly gross interest of 7.3 per cent for the first three years on the first half of the deposit.

At the end of the five-year term, the second half of the deposit will be returned as well as a rate of return which will reflect 50 per cent participation in any growth of the Nikkei225 and Hang Seng indices. The closing date is July 25.

For more information about ELDA 17, customers may contact HSBC Customer Service on 2380 2380 to make an appointment with a qualified financial planning officer or private client manager.