ABN Amro Bank's Double Up Certificaat on the ING share has returned 33% growth in a year. The certificate, which struck at €7.405 just over a year ago, was issued via Royal Bank of Scotland and offered 200% in the rise of the share (whose final price was €9.41) capped at 16.5%.
Last week, ABN Amro launched a follow up via its own issuance programme. Double Up Certificaat 2011-2012 ING once again offers 200% of the rise of the ING share, with a cap at 11% and an overall maximum return of 122%.
The less generous terms reflect the lower volatility of the ING share in recent months. So far this year it has been hovering between €7.22 and €9.41. In October 2006, the share price reached a high of €32.93, but it dropped to a low of €2.5 in March 2009 in the aftermath of the Lehman collapse, the credit crisis and the support ING received from the Dutch state.
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