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Standard Bank launches structured product

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Standard Bank Offshore Group is launching the latest in its series of structured products which are designed to return initial capital deposited along with fixed interest returns and participation in potential stock market growth.

Quantum Plus 3 is open for subscription until 17 August 2010, subject to availability, and is divided into a one year and five year fixed term Standard Bank deposit, available in Sterling, US dollar or Euro.

Minimum deposit amounts are GBP10,000, USD20,000 or EUR15,000.

The product divides a client’s money equally between two deposits, Quantum and Plus, and both are designed to return original capital deposited, along with the potential gains at their respective maturity dates.

The Quantum portion pays a rate of four per cent (AER) and is redeemed in full after the first year. The Plus portion is linked to potential stock market growth over the full five year term with a participation rate of 70 per cent.

Adam Hunt, head of high net worth clients, says: “Our structured products are designed for depositors who seek capital security and growth potential linked to the performance of a stock market index. Quantum Plus 3 has been introduced following the success of Quantum Plus II 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 and as with Quantum Plus II we expect to see high demand for this competitive offering.”

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