Santander is marketing a new structured deposit among Spanish private banking clients. It offers a 4.50% coupon after 12 months on 90% of the investment.
Santander's Depósito 90/10 is a three-year capital-guaranteed deposit linked to a basket of Spanish stocks comprising Inditex, Telefonica and BBVA. The product pays a 4.50% coupon after one year of investment on 90% of the capital invested. The remainder is placed in a growth account that will mature early paying out 5.50% per period elapsed at any anniversary in which all the underlying shares are above 75% of their initial levels. At maturity, if all the underlying shares are above their initial levels, the product offers the initial investment plus the last coupon. Otherwise the product offers the initial investment decreased by the performance of the worst-performing share in the basket, plus the last possible coupon.
Santander's Depósito 90/10 will be available for subscription until 15 April. Minimum investment is €50,000
This product is available in Recent Additions (Spain).