HSBC capital-secured ELDA with potential return of 6.5 %
|Email item||Print item||
Following the recurring success of previous issues over the years, HSBC Bank Malta is launching the 30th issue of Equity Linked Deposit Account (ELDA). The issue offers capital security and the potential of higher annual returns than those normally offered by other deposit accounts, coupled with the benefit of HSBC’s global expertise.
Denominated in euro, ELDA Asia Opportunity gives customers exposure to the emerging markets and dynamic economies of Malaysia, China and Taiwan. Depositors may benefit from a return linked to the performance of the following indices: the FTSE Bursa Malaysia KLCI, Hang Seng China Enterprises and TWSE TAIEX.
The 5-year account requires a minimum deposit of €2,500. ELDA attracts a potential return of 6.5% 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 (7 March 2012), account holders will receive a 6.5% 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 14 March 2017 and the capital is paid in full.
The sales closing date for this limited issue is 1 March 2012, but may be closed earlier if oversubscribed.
More information about ELDA may be obtained from HSBC’s Customer Service on 2380 2380, www.hsbc.com.mt, or HSBC branches around Malta and Gozo.