HSBC Greece has launched a structured deposit offering Greek investors exposure to a basket of five companies active in the natural resource sector in Europe and Asia.
Steel Memory Capital Guaranteed Deposit is a five-year product linked to a share basket comprising Posco, China Steel Corporation, ArcelorMittal, ThyssenKrupp AG and Voestalpine AG. The product will register a 5.75% gross return for each year in which the underlying basket is at or above its strike level with a potential maximum return at maturity of 28.75%. If the condition is not met on a specific observation date, but is met in subsequent years, the return for that year will be posted, as will the returns for those years in which the condition was not met.
HSBC said that as one of the most important industrial raw materials and one of the most common manufacturing materials, steel has attracted strong investor interest in recent years, and continues to present new investment opportunities.
Steel Memory Capital Guaranteed Deposit will close on 3 September. The product is available in dollar- and euro-denominated versions. Minimum investments are $3,000 and €3,000, respectively.