STANDARD Bank Offshore Group has revealed the latest in its series of structured products with the announcement that Quantum PLUS 4 is open for subscription until 14 December 2010, subject to availability.
Quantum PLUS 4 divides into a 1 year and 5 year fixed term deposit, available in Sterling, US dollar, Euro or Australian dollar. Minimum deposit amounts are £10,000, US$20,000, €15,000 or A$20,000.
Quantum PLUS 4 divides a client’s money equally between two deposits: Quantum and PLUS, and both deposits are designed to return original capital deposited along with the potential gains at their respective maturity dates.
The Quantum portion pays a market-leading rate of 5% AER for Sterling, US dollar and Euro or 12% AER for Australian dollar. This half of the deposit matures in full after the first year.
The PLUS portion is linked to the potential growth of one of the world’s leading stock market indexes over the five-year term with a participation rate of 50% and is redeemed after five years. Sterling deposits are linked to the FTSE 100, US dollar deposits are linked to the S&P 500, Euro deposits are linked to the EURO STOXX 50 and Australian dollar deposits are linked to the S&P/ASX 200.
Managing Director of Standard Bank Isle of Man, John Coyle 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 4 has been introduced following the success of Quantum PLUS 3 which was launched earlier this year. It offers returns linked to the performance of equity investments, but without the usual risk of volatile market movements. As with Quantum PLUS 3, we expect to see high demand for this competitive offering.”
He added: “Given the current economic and political uncertainty, now might be an ideal time to commit to a product which provides peace of mind along with the opportunity to take advantage of continued stock market recovery.
“For clients who wish to access a product which has been designed to return at least the capital deposited in full at maturity, Quantum PLUS 4 offers a combination of potential market-related returns and a high yield on the Quantum portion.”
