The Malta Independent 9 June 2025, Monday
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HSBC ‘Sphinx’ New product will be a hit with investors

Malta Independent Sunday, 22 January 2006, 00:00 Last update: about 20 years ago

Giuseppe Verdi’s Aida is set in ancient Egypt, a land renowned for its ancient civilization and monuments that are synonymous with wealth, strength and security. Using these concepts, HSBC has adopted ancient Egyptian imagery to highlight the capital security and wealth potential of its new Annual Income Deposit Account (AIDA).

AIDA is a five-year capital secure term deposit denominated in Maltese liri. The deposit is split in two, with half receiving gross annual interest of three per cent p.a. while the remaining half is invested in a popular basket of share indices on which customers will receive an attractive participation rate on any growth. Income is received once every year with the equity gains, if any, based on growth of the indices during that year compared to the basket’s opening value.

The main difference of AIDA compared to HSBC’s Equity Linked Deposit Account (ELDA) is that the new product pays out interest and a coupon on any gains on the growth of the share indices, every year, therefore enhancing the interest

payment.

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