HSBC Greece has removed the Russian Depositary Index from the underlying basket for its latest emerging markets-themed capital-protected range. The investment term has also been increased by two years.
Emerging Markets Capital Guaranteed Deposit is a five-year growth structure linked to a basket comprising the Hang Seng China Enterprises Index, MSCI Taiwan and the iShares MSCI Brazil Index Fund ETF. The product registers a 6% gross return (5% for the US dollar-denominated version) for each year on which all the components of the basket are above their strike levels, and otherwise 1% (0.75% for the USD version). The knockout product matures early after the third year if the condition is met.
Emerging Markets Capital Guaranteed Deposit will be open for subscription until 1 July. The product is available in dollar and euro versions, with respective investment minimums of $3,000 and €3,000.
This product appears on the Offshore & Others database.