Jersey-based HSBC International is planning to launch a new breed of guaranteed capital investment b...
Jersey-based HSBC International is planning to launch a new breed of guaranteed capital investment bonds in June.
The bonds will be accessible via a Ucits structure with the opportunity of early redemption, according to senior marketing manager, Neville Benbow.
At present, the HSBC international guaranteed bond offering has a four-year investment period which includes three investment options.
The European Growth option links to the FTSE and the Euro Stoxx 50 and offers 100% growth. The Japanese option is based on the Nikkei 225, and offers 90% of any growth over the four-year period. The World Growth option offers 70% of the average growth of the Nikkei 225, Dow Jones S&P, Euro Stoxx and FTSE.
The bond is open for investment until 5 May. Minimum investment is $5,000.
Commission to advisers is 2.5% on initial and re-investment.
Benbow said: "The new breed of product will have an early redemption facility but will also give the opportunity to invest in different markets".
The structure has been developed following extensive feedback from international advisers.
Most advisers appear to be looking for the benefits of the guaranteed bond but with a more flexible structure and linked to a variety of different indices.
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