HSBC Investments has confirmed it will launch its eighteenth Guaranteed Capital Account for intermediaries.
The six-year deposit pays the Bank of England’s base rate plus 2% in the first year, then base rate plus 0.45% thereafter on half of initial capital.The remaining half of the investment offers 50% uncapped exposure to any growth in the FTSE100 at maturity, subject to final year averaging.
“Seeking both growth and income from an investment can be challenging, particularly in the current uncertain stock market environment and amid expectations of falling interest rates,” said Elliot Fowles, HSBC Investments’ UK head of structured products, wholesale. “HSBC Investments believes it offers a solution to those investors seeking capital-protected exposure to growth in UK stock market, along with income during the investment period, all within the one simple account.”
The offer period is from 4 February until 11 April 2008. Minimum investment is £3,000. Adviser commission is 3%.
This product will appear shortly in Recent Additions (UK).
