Following the success of previous issues, HSBC Bank Malta plc has launched the 29th issue of the equity linked deposit account or ELDA.
100% security and potential of higher returns
This account allows Maltese and international depositors 100 per cent capital security and the potential of higher annual returns. Denominated in euro, the performance of the ELDA Large Cap US Stocks is linked to the growth of an underlying stock basket composed of the 10 largest US stocks (by weighting) in the S&P 500 index, namely: Apple Inc, Chevron Corporation, General Electric Company, IBM Corporation, Johnson & Johnson, The Coca-Cola Company, Microsoft Corporation, The Procter & Gamble Company, AT&T Inc, and Exxon Mobil Corporation.
The account requires a minimum deposit of €2,500 and has to be held until maturity for five years. This issue of ELDA guarantees a minimum return of five per cent over this period (0.98 per cent annualised) and offers a potential maximum return of 40 per cent (6.96 per cent annualised) on the amount deposited.
The sales closing date for this limited issue is December 17, with strike date on December 23. HSBC may withdraw the offer earlier in case of over-subscription.
More information is available from customer service on 2380 2380, at www.hsbc.com.mt, or in branches.