HSBC Bank is marketing a new tranche of is capital-protected deposit range, offering Greek investors access to its first structure featuring a best-of option payoff linked to two regional share baskets.
Best of 2 is a five-year growth structure linked to two baskets: a European basket comprising BASF, Bayer, Daimler, Total, Banco Santander, Sanofi, SAP, Siemens, Telefónica and Unilever; and an emerging basket comprising Samsung Electronics, Industrial and Commercial Bank of China, Taiwan Semiconductor Manufacturing Company, CNOOC Limited, China Mobile Limited, Itaú Unibanco, Gazprom, Petroleo Brasileiro, Vale and America Movil. At maturity, the product pays 100% participation in the best performing basket with a 40% cap. This product includes averaging.
Best of 2 can be accessed through euro- and dollar-denominated versions and will be open until 31 October. Minimum investment is €3,000/$3,000.
This product will appear shortly in Recent Additions (Offshore & Others).