HSBC Bank Malta plc launched a new Medium Term Note (MTN), the MTN Australian Bank Bill Swap Rate (BBSW) (AUD) II. This five-year investment, denominated in Australian dollars (AUD), offers 100 per cent capital protection as long as the investment is held until maturity. It is aimed at investors seeking higher potential returns.

Leveraging the expertise of the HSBC Group to bring the best investment solutions to Malta, the new MTN BBSW (AUD) II has been created to benefit from the performance of the ‘3 Month BBSW’ rate. It offers a minimum yearly return of 4.5 per cent and a maximum yearly return of six per cent.

At the end of each year, customers are paid the BBSW rate as noted on fixing date. If the BBSW rate is below 4.5 per cent per annum, customers will receive a minimum payment of 4.5 per cent per annum. If the BBSW rate is above 4.5 per cent per annum, customers will receive the BBSW rate, subject to a maximum of six per cent per annum. On maturity date (17 April 2017), customers will receive their final coupon payment and 100 per cent of the initial invested capital.

Investors can obtain a full description of the product and apply for the MTN BBSW (AUD) II until 5 April by visiting their nearest branch in Malta and Gozo. For more information, visit www.hsbc.com.mt or call 2380 2380.