HSBC’s capital-protected MTN investment the Libor GBP
HSBC Bank Malta has announced the launch of a new Medium Term Note (MTN), the MTN Libor (GBP). “This 5-year investment is 100% capital protected if held to maturity, and is denominated in Sterling. It is aimed at investors seeking higher potential returns but with no risk to the invested capital,” the bank said.
HSBC continued, that “leveraging the expertise of the HSBC Group to bring the best investment solutions to Malta, the new MTN Libor (GBP) has been created to benefit from the value of 3 month Libor GBP rate.”
At the end of each year, customers are paid the Euribor rate as determined on fixing date. If the Libor rate is below 1.13% per annum, customers will receive a guaranteed minimum payment of 1.13% per annum. If the Libor rate is above 1.13% per annum, customers will receive the Libor rate, at a maximum of 5% per annum. On maturity date, customers will receive their final coupon payment and a guaranteed 100% of the invested capital.
Investors can obtain a full description of the product and apply for the MTN Libor (GBP) until February 16 by visiting their nearest branch in Malta and Gozo.
For more information, visit www.hsbc.com or call on 2380 2380.
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HSBC Bank Malta has announced the launch of a new Medium Term Note (MTN), the MTN Libor (GBP). “This 5-year investment is 100% capital protected if held to maturity, and is denominated in Sterling. It is aimed at investors seeking higher potential returns but with no risk to the invested capital,” the bank said.