18 - 24 May 2000

HSBC Life launches International Capital Protected Bond

HSBC Life Assurance (Malta) Limited, a subsidiary of HSBC Bank Malta plc, has launched the International Capital Protected Bond (ICPB), an investment product based on international stock market investments. This product is a single premium "capital protected" life assurance bond, issued by HSBC Life (Europe) of Dublin, Ireland.

The ICPB offers customers growth potential linked to stock market investment with the reassurance of knowing that the sum invested is fully protected, irrespective of market performance.

The product is offered in tranches, each tranche having its own specific terms and conditions. Investment may be made in sterling or US dollars (depending on the terms on offer for each tranche) with a minimum investment of 5,000 sterling or 10,000 US dollars. The current tranche, which closes on 14 July, offers customers the choice of three investment options.

Sterling investors can choose between a three-year bond based on the performance of the Swiss Market Index, or a four-year option linked to the performance of the Dow Jones EURO STOXX 50. US dollar investors can opt for a four-year option linked to the performance of the Dow Jones EURO STOXX 50.

Godfrey Swain, Director of HSBC Life Assurance (Malta) Limited commented that ICPB, which is a lump sum investment, linked to life assurance, fits neatly into HSBC Life Assurance's range of products. "With the launch of IPCB, HSBC Life is providing a wide variety of effective life assurance and investment products to customers in Malta," concluded Mr Swain.

This range now includes nine major products, which have all been developed in Malta since the set up of the company four years ago. Over 40,000 clients in Malta have already opted for the protection and investment expertise of HSBC Life Assurance.