Spain's CatalunyaCaixa has become the first Spanish firm to launch a product linked to sports results in 2012, with an improved version combining features of the last two deposits of this kind marketed in 2011.
Depósito Marc Márquez, a digital structure sold back in March 2011, promised to pay 102.93% of the initial investment plus an extra 0.1% for every race Marc Márquez won during the 2011 Grand Prix World Championship. The second one Depósito Marc Márquez Ganador was a one-year uncapped call structure paying at maturity a minimum capital return of 102.5% plus an extra return equal to 1% of Márquez's average speed in km/h of the last race of the 2011 championship, if he finished first.
The new Depósito Marc Marquez offers a higher minimum return than its predecessors, with a guaranteed 103% at maturity. In addition, the savings bank has combined the last two Marc Marquez deposits for the variable growth offering 0.1% for every race the featured motorcyclist wins plus 1% of the average speed in km/h during the last race of the 2012 Grand Prix, if he wins the championship.
According to SRP, in 2011, BancoSabell issued four structured deposits linked to sport in addition to the two products sold by CatalunyaCaixa: Depósito Doble Pole Position 50, Depósito Doble Pole Position 100, Depósito Triplete and Sterling Champion Deposit.
These products are available in the Spanish database.