HSBC has launched the eighth issue of the successful Annual Income Deposit Account (AIDA) which offers depositors a guaranteed annual return on their capital, ranging from a minimum of 1 per cent p.a. or a maximum of 5 per cent p.a. The minimum deposit of e2,500 is required.

AIDA 8 depends on the trading performance of the underlying index Dow Jones Eurostoxx 50. This issue offers an exciting and different structure from previous AIDA product tranches, giving depositors a guaranteed annual return on their capital whether markets improve or deteriorate. AIDA will pay a coupon of 1 per cent if, on anniversary, the index value is less than the trading value as on strike date, or 5 per cent if it registers a growth or is equal to the strike date value.

The closing date for this limited issue is 3 July, but HSBC may withdraw the offer at any time prior to the closing date.

More information about AIDA 8 may be obtained from the Customer Service on 2380-2380, HSBC’s website at www.hsbc.com.mt or any HSBC branch around Malta and Gozo. Terms and conditions apply.