HSBC is marketing a new tranche of is capital-protected deposit range offering Greek investors access to a basket of European stocks at a time when the European Community is reckoning the future of its indebted partner. The product can be accessed though euro and dollar-denominated versions.
The bank said the design of the underlying was based on the survey Europe Super Ten - Portfolio Change, carried out in April by the bank in order to identify the most interesting companies in Europe.
Europe Super 7 is a five-year product linked to a basket of equally weighted shares comprising AXA, Total, Rio Tinto, Rolls-Royce, UBS, Swatch Group and Vodafone. This capped call structure guarantees a minimum return at maturity of 105%. The return at maturity will be equal to the arithmetic sum of the individual performance of each share with each share performance being capped at 40% (35% for the dollar-denominated version) and floored at -40% (-35% for the dollar version).
Europe Super 7 is guaranteed by HSBC Bank and will be open until 12 August. Minimum investment is €3,000.
This product appears in Recent Additions (Offshore & Others).