Australia's Commonwealth Bank has launched a structured product offering a choice of three strategies and full capital protection.
Capital Series OzAsia is a 5.5-year investment linked to a choice of 20 Australian blue chips, the ASX200 or a basket of Asian indices.
Investors choosing the Australian basket will receive five 4% pa coupons with the first coupon paid after 18 months and the rest at yearly intervals, as well as on maturity 100% of the rise in the underlying basket, capped at 50%.
The ASX option pays 10% coupons after 1.5 years, and 3% in following years provided the index grows by 10% per year. Growth of up to 100% is provided in line with the index's performance.
A third strategy is a simple growth strategy linked to an equally-weighted basket of Asian indices comprising Hang Seng Enterprises index (HSCEI), Tsiex and Kopsi200. Growth is capped at 100%.
"The placement results for Capital Series continues to grow and highlights that investors are always on the look out to grasp investment opportunities with the security and peace of mind of capital protection," said Suzanne Salter, head of structured investments, Commonwealth Bank.
She said the launch is the twenty-second issue of Capital Series in six years.
The product is open until 19 March and the bank offers a lending package for eligible investors.
This product is available now in Recent Additions (Australia).