HSBC Global Asset Management (Malta) Limited has launched a new three-and-a-half-year medium term note aimed at investors seeking potential for higher returns with 100 per cent capital protection.
This HSBC Emerging Markets Currency Basket Note 2013 is available in euro, US dollar and pound sterling. The income is based on the performance of an equallyweighted underlying basket of six emerging market currencies versus the US dollar: the Brazilian real, Russian ruble, Indian rupee, Chinese yuan, Taiwan dollar and Korean won.
If, at maturity, the basket of currencies strengthens against the US dollar, investors receive 100 per cent of the increase applied to their initial capital and their capital back. If the basket of currencies weakens against the US dollar, no increase will apply but investors still receive their full capital back.
The offer is valid until March 13 with strike date on March 26. The offer may close earlier if oversubscribed.
Applications may be obtained from any HSBC branch in Malta and Gozo. For more information one may call on 2380 2380 or visit the website www.hsbc.com.mt.