New Medium Term Note with focus on Australian Bank Bill Swap Rate
HSBC Bank Malta plc launched a new Medium Term Note (MTN), the MTN Australian Bank Bill Swap Rate (BBSW) (AUD) II. This 5-year investment, denominated in Australian Dollars (AUD), offers 100% 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 toMalta, 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% and a maximum yearly return of 6%.
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 annum, customers will receive a minimum payment of 4.5% per annum. If the BBSW rate is above 4.5% per annum, customers will receive the BBSW rate, subject to a maximum of 6% per annum. On maturity date (17 April 2017), customers will receive their final coupon payment and 100% 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 2012 by visiting their nearest branch inMaltaand Gozo. For more information, visit www.hsbc.com.mt or call on 2380 2380.
- March 21, 2012 No comments Posted in: Business
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