Standard Bank Offshore said it raised £36m for Quantum Plus V between February and April, making it the highest-selling tranche of the capital-protected series to date.
The FTSE100-linked growth and income product places half of initial capital into a 12-month deposit paying 5%. The remainder is placed into a five-year account that promises to return capital at maturity plus the greater of either 5% or 60% participation in the rise of the index, subject to 12-month back-end averaging. Terms differ for US dollar, euro and Australian dollar versions.
"Given the current economic uncertainty, now might be an ideal time to commit to a product which provides peace of mind along with the opportunity to take advantage of any continued stock market recovery," said Adam Hunt, head of high-net-worth clients at Standard Bank.
He said the firm is offering Quantum Plus 6 to keep the momentum following the record success of Quantum Plus 5.
The new issue also pays 5% on the 12-month deposit for sterling, US dollar and euro, but 12% for Australian dollars. Meanwhile, the growth account is six years and offers 60% of the FTSE100, S&P 500, Eurostoxx50 or S&P/ASX 200 depending on the currency chosen, subject to a minimum coupon of 5%.
The products are aimed at clients of Standard Bank Jersey and Isle of Man.
Quantum Plus 6 will be open for subscription until 23 August. Minimum deposit amounts are £10,000, $20,000, €15,000 or AU$20,000.
This product will be available shortly in Recent Additions (UK, Offshore & Other).