Banc Sabadell's online outlet ActivoBank has returned to the Spanish structured retail market after more than a year with the launch of a new deposit, Doble Activo.
Depósito Doble Activo is a three-year, 50/50-format growth product based on a combination of capped call and shark fin payoff. Half the investment is placed in an income account paying 6.5% AER after six months. The remainder is placed in a structured deposit linked to the performance of the Ibex35. At maturity, investors receive their capital back, alongside 100% participation in the growth of the underlying index capped at 39.99%. A soft minimum return feature pays 109% if the average level of the index is at or above 40% of its strike level.
The product cannot be redeemed before the end of the term. Depósito Doble Activo will be available until 28 January 2010. Minimum investment is €600.
This product is available now in Recent Additions (Spain).