Lloyds TSB Offshore in Jersey is marketing its first USD-denominated tranche of its Offshore Limited Edition Deposit (Oled) range to UK offshore investors.
Lloyds TSB Offshore OLED 4 - 5yr Dollar Growth Deposit (USD) is a five-year structure linked to a basket of equally weighted equity indices comprising the FTSE100, DJ Eurostoxx50 and S&P 500. The product guarantees the initial investment in full at maturity and will pay out a participation of 115% in the basket growth over the term with a 146% cap. This product includes averaging.
Lloyds TSB Offshore is also offering three other tranches of its Oled range including the OLED 3 - 5yr Sterling Growth Deposit (GBP), which replicates the structure of Oled 4 but with a sterling denomination; the OLED 2 - 5 Year Sterling Income Deposit (GBP), a digital/snowball structure linked to a basket of share featuring GlaxoSmithKline, HSBC, and Vodafone; and the OLED 1 - 5yr Sterling Growth Deposit (GBP), a capped call/knockout structure linked to the FTSE100 index.
The capital guarantee of the new Oled suite is provided by Lloyds Bank International. Oled 1, 2, 3 and 4 will be open until 19 September. Minimum investment is £20,000 for Oled 1,2 and 3 and $20,000 for Oled 4.
These products are available in Recent Additions (UK and Offshore).