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New structured product offering PDF Print E-mail
News - Economy
Written by marco   
Friday, 26 October 2012 16:38

Standard Bank Jersey Limited and Standard Bank Isle of Man Limited have launched their latest structured products offering, Quantum PLUS 10.

Quantum PLUS 10 is on sale until 31 December 2012 and is designed to return the initial capital deposited along with a fixed rate of interest on half the deposit while the other half provides for stock market growth potential.

This product divides the original capital deposited equally between two deposits. Half of the money (the Quantum portion) is held for one year in a term deposit account and matures on 14 January 2014 and the other half of your money (the PLUS portion) is held for five and a half years in a term deposit account and matures on 23 July 2018.

The product is available in Sterling, US Dollar or Australian dollar. Minimum deposit amounts are £10,000, US$15,000 or AU$15,000.

The Quantum portion pays a fixed rate of interest of 4% AER for Sterling and US dollar deposits and 10% AER for Australian dollar deposits. After one year you will receive back this half of the deposit plus interest at the relevant fixed rate.

The PLUS portion provides for a potential return on the other half of the deposit after five and a half years based on the market performance of your chosen stock market index. Sterling deposits are linked to the FTSE 100 and US dollar deposits are linked to the S&P 500 Low Volatility Index.

For these two currencies depositors can choose the option of a return of 50% of the market performance with a 5% minimum return, or a return of 60% of the market performance with no minimum return. Australian dollar deposits are linked to the S&P/ASX 200 and depositors can choose either a return of 70% of the market performance with a 5% minimum return, or a return of 80% of the market performance with no minimum return. Even if markets fall, all the PLUS portion alternatives will return the original capital deposited.

A new feature of this latest product offering is market performance being linked to the S&P 500 Low Volatility Index for US dollar deposits.  This index measures the performance of the 100 least volatile stocks of the S&P 500 Index and has outperformed the S&P 500 Index by more than 20% over the past 5 years.

Adam Hunt, head of coverage, international private clients, said: “Our structured products are typically designed for depositors who seek capital security and growth potential linked to the performance of a stock market index.

“Quantum PLUS 10 has been introduced following the success of Quantum PLUS series to date. We expect a good demand for this attractive offering, particularly because on maturity the product is designed to return capital deposited regardless of market performance.”

He added: “Given the current economic uncertainties, now might be an ideal time to commit to a product which provides capital protection along with the opportunity to take advantage of any continued stock market recovery, at maturity. Quantum PLUS 10 may therefore be suitable for clients who believe that their chosen market will rise, but who seek capital protection if this proves not to be the case. Quantum PLUS 10 offers this along with a fixed interest rate on the Quantum portion."


 

 

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