Following the success of the previous issues, HSBC Bank Malta p.l.c. launched the 29th issue of its Equity Linked Deposit Account (ELDA). This new and strictly limited issue, launched on October 31, allows Maltese and international depositors 100% capital security and the potential of higher annual returns than are normally offered by deposit accounts, coupled with the benefit of HSBC’s global expertise.

Denominated in euro, the performance of the ELDA Large Cap US Stocks is linked to the growth of an underlying stock basket composed of the 10 largest US stocks (by weighting) in the S&P 500 index, namely: Apple Inc., Chevron Corporation, General Electric Company, IBM Corporation, Johnson & Johnson, The Coca-Cola Company, Microsoft Corporation, The Procter & Gamble Company, AT&T Inc., and Exxon Mobil Corporation.

The account requires a minimum deposit of €2,500 and has to be held until maturity for 5 years. This issue of ELDA guarantees a minimum return of 5 % over this period (0.98 % anualised) and offers a potential maximum return of 40 % (6.96 % annualised) on the amount deposited.

The sales closing date for this limited issue is 17 December, with strike date on 23 December. In the case of over-subscription, HSBC reserves the right to withdraw the offer at any time prior to the closing date.