HSBC issues new capital-secured ELDA

ELDA offers depositors capital security and the potential of higher annual returns than those normally offered by other deposit accounts.  The ELDA Currencies II will be offered in three currency denominations, Euro, British Pound and US Dollar.

Customers will once again be able to benefit from a return linked to the performance of a currency basket composed of the Brazilian Real, Russian Rouble, Indian Rupee, and the Chinese Renminbi against the Euro, the British Pound or the US Dollar depending on the denominated currency chosen. This four year fixed deposit account can yield up to 6.25% interest per annum for the Euro and British Pound options, or up to 5.1% per annum. for the US Dollar option. Minimum deposit required to open an ELDA account is €2,500, £2,500 or US$2,500 respectively.

The closing date for this limited issue is 24 March 2011, but the Bank may close the offer earlier if it is oversubscribed.