New HSBC equity-linked deposit account

HSBC has launched a five-year equity linked deposit account (ELDA) in euro or sterling. The account is popular with depositors seeking security of capital; the account offers 100 per cent capital security. The underlying index is the Dow Jones STOXX 50.

A minimum deposit of €2,500 and £2,500 applies. Return is earned if after five years the index increases when compared with the index level on Strike Date, which is April 21, 2009. 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 is paid if the index does not increase in value after the five-year term. However, HSBC will pay back the full deposit. If the base currency is different from the currency of ELDA, the value of the deposit is 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 prior to the closing date in case of over-subscription.

For more information call 2380 2380, visit www.hsbc.com.mt or any local branch.