Merrill Lynch HSBC has issued two protected investment products (Pips), to be made available via its...
Merrill Lynch HSBC has issued two protected investment products (Pips), to be made available via its online service. Aimed as a reinvestment vehicle for maturing Tessa cash or as a standalone product, the Euro Stoxx Pip and the FTSE 100/S&P 500 Pip offer capital protection and exposure to market returns. The Euro Stoxx product will offer capital protection together with a basic gross return of 6%. The FTSE100/S&P 500 product offers 76% of any aggregate percentage increase of the indices. Applications close on 28 March.
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