HSBC's ELDA offers potential of up to 6.19%
HSBC has launched another Equity Linked Deposit Account, popular with depositors looking for security of capital. The underlying index is the Dow Jones STOXX 50. The term of this ELDA account is five years and it is available in euro or sterling. A...
HSBC has launched another Equity Linked Deposit Account, popular with depositors looking for security of capital. The underlying index is the Dow Jones STOXX 50.
The term of this ELDA account is five years and it is available in euro or sterling. A minimum deposit of €2,500 or £2,500 respectively applies. The account offers 100 per cent capital security.
The return is earned if after five years the index increases when compared with the index level on Strike Date, which is April 21. If after the five-year term the index registers any growth up to 40 per cent, the investor receives 20 per cent, or 3.71 per cent per annum, return on the original deposit. If there is more than 40 per cent growth, the return on the original deposit will be a maximum of 35 per cent, or up to a maximum of 6.19 per cent per annum.
No return will be paid if the index does not increase in value after the five-year term, but HSBC will pay back the full deposit. If the base currency is different from the currency of ELDA, the value of the deposit will be subject to currency exchange rate fluctuations.
The closing date for this limited issue is April 14, but HSBC may withdraw the offer at any time before the closing date in case of over-subscription.
More information about ELDA may be obtained from the Customer Service on 2380 2380, HSBC's website at www.hsbc.com.mt or any HSBC branch in Malta and Gozo.
The term of this ELDA account is five years and it is available in euro or sterling. A minimum deposit of €2,500 or £2,500 respectively applies. The account offers 100 per cent capital security.
The return is earned if after five years the index increases when compared with the index level on Strike Date, which is April 21. If after the five-year term the index registers any growth up to 40 per cent, the investor receives 20 per cent, or 3.71 per cent per annum, return on the original deposit. If there is more than 40 per cent growth, the return on the original deposit will be a maximum of 35 per cent, or up to a maximum of 6.19 per cent per annum.
No return will be paid if the index does not increase in value after the five-year term, but HSBC will pay back the full deposit. If the base currency is different from the currency of ELDA, the value of the deposit will be subject to currency exchange rate fluctuations.
The closing date for this limited issue is April 14, but HSBC may withdraw the offer at any time before the closing date in case of over-subscription.
More information about ELDA may be obtained from the Customer Service on 2380 2380, HSBC's website at www.hsbc.com.mt or any HSBC branch in Malta and Gozo.