HSBC in Greece is offering local investors a technology-themed deposit, which is a follow-up to a similar tranche it marketed over the summer.
Capital Guaranteed Deposit Technology is a 3.5-year, capital-guaranteed growth strategy linked to a basket of technology shares (Samsung, Apple, Google and Microsoft - Nokia was included in the previous tranche but not the current).
Denominated in euros or US dollars, the product returns 14.5% (13% for the US dollar version) provided the values of all four stocks in the basket are higher at maturity than on the initial strike date. Otherwise, euro investors receive 3.5% (3% for the US dollar variant).
"It is a fact that technology stocks had strong performance during the first half of 2009, while the demand for technology products remained at satisfactory levels," said the bank.
The Capital Guaranteed Deposit Technology will be open to investors until 19 January 2010. Minimum investment is $/€3,000.