Standard Bank unveils structured product duo

The two new products, which are available for subscription until 21 July 2009 or earlier if over subscribed, also offer growth potential linked to the major stock market indexes. The Double Decker is a structured growth deposit offering 90% participation in the growth of the stock market or a capital bonus of 5% at maturity after a five-year deposit term. Depositors have a choice between linking returns to the FTSE 100 in sterling or the S&P 500 in US dollars. There are minimum deposit amounts of £10,000 and US$20,000 respectively. Meanwhile, Unidex is offered as a tradeable security,...