HSBC Greece has launched the first tranche in its structured deposit series providing exposure to a basket of five equity stocks from different economic sectors, including oil and natural gas, commercial banks, telecommunications, food and retail.
HSBC's Greek subsidiary said investors are more cautious than ever: "Anything that happens in one money market or sector can potentially affect the performance of the economy in one region," it said. "Therefore, the diversification of capital allocation seems to be vital both in geographical and in sectoral terms."
Capital Guaranteed Deposit Global Markets is a four-year growth product linked to the performance of a share basket comprising Rosneft Oil, Bank of China, Ericsson, Pernod Ricard and Wal Mart. The product will mature early paying investors a 5.25% return for each year of the product's life on the annual observation date on which all shares in the basket have risen.
Capital Guaranteed Deposit Global Markets will be available until 16 April. Dollar- and euro-denominated versions have minimum investments of $3,000 and €3,000, respectively.