HSBC issues 30th capital-secured ‘ELDA’

HSBC Bank Malta has launched the 30th issue of the equity linked deposit account, more commonly known as ELDA.

The issue offers capital security and the potential of comparatively higher annual returns than similar products.

Denominated in euro, the ELDA Asia Opportunity product gives customers exposure to the emerging markets and dynamic economies of Malaysia, China and Taiwan. Depositors may benefit from a return linked to theperformance of the FTSE Bursa Malaysia KLCI, Hang Seng China Enterprises and TWSE TAIEX.

The five-year account requires a minimum deposit of €2,500. ELDA attracts a potential return of 6.5 per cent per annum on the amount deposited.

On every valuation date, if the value of all the indices linked to the ELDA is equal to or above their value on strike date – March 7, 2012 – account holders will receive a 6.5 per cent per annum return on the capital deposited.

If one or more of the indices are below its value on strike date, no return is paid. The account will roll over to the next year.

The account closes on March 14, 2017, and the capital is paid infull. The sales closing date forthis limited issue is March 1,but may be closed earlier ifoversubscribed.

More information about ELDA may be obtained from HSBC’s Customer Service on 2380 2380, www.hsbc.com.mt, or HSBC branches.