HSBC issues new capital-secured ELDA

HSBC Malta has launched the latest Equity Linked Deposit Account aimed at depositors seeking security of capital.

This structured deposit is denominated in euro, sterling and US dollar, and requires a minimum deposit of €2,500, £2,500 or US$2,500. Its potential returns are linked to the performance of the stock basket composition of five key global players in the technology market: Samsung Electronics Co. Ltd, Apple Inc, Google Inc, Microsoft Corporation and Nokia Corporation.

The closing date for this limited issue is May 14, but HSBC may withdraw the offer at any time in case of oversubscription.

The potential return is paid at the end of the four-year term. If on valuation date of May 19, 2014, all the shares listed in the stock basket linked to the ELDA register an increase or are equivalent to the share price as on strike date of May 18, 2010, the account holder will receive a return of 24 per cent, equivalent to 5.53 per cent per annum on the amount held in the ELDA.

Payment of capital and interest will be made on May 26, 2014.

More information about ELDA is available from HSBC's customer service on 2380 2380, at www.hsbc.com.mt or the bank's branches nationwide.