Standard Bank launches Quantum PLUS 6

Launched by Standard Bank in Jersey and the Isle of Man, Quantum Plus 6 is the latest in the Quantum structured product range.

The product is designed to return initial capital deposited along with a competitive rate of interest on one half the investment, while the other half is used to gain exposure to stock market growth.

Quantum PLUS 6 is open for subscription until 23 August 2011, subject to availability. The product divides cash equally between a 1 year (Quantum portion) fixed term deposit maturing on 7 September 2012 and 5 year (PLUS portion) fixed term deposit maturing on 14 September 2016, available in Sterling, US dollar, Euro or Australian dollar. Minimum deposit amounts are £10,000, US$20,000, €15,000 or A$20,000.

The Quantum portion pays a rate of 5% AER for Sterling, US dollar and Euro or 12% AER for Australian dollar. This half of the deposit matures in full after one year.

The PLUS portion provides a return after five years based on the performance of a stock market index and is subject to a minimum return of initial capital and a capital bonus of 5% (0.98% AER) at maturity. Sterling deposits are linked to the FTSE 100, US dollar deposits are linked to the S&P 500, Euro deposits are linked to the EURO STOXX 50 and Australian dollar deposits are linked to the S&P/ASX 200.

Adam Hunt, Head of High Net Worth Clients at Standard Bank, said: “Once again we expect to see high demand for this competitive offering which offers returns linked to the performance of a stock market index, but without the usual risk of volatile market movements. Quantum PLUS 6 has been introduced following the record success of Quantum PLUS 5 which was launched earlier this year.”

He added: “Given the current economic uncertainty, now might be an ideal time to commit to a product which provides peace of mind along with the opportunity to take advantage of any continued stock market recovery. For clients who wish to access a product which has been designed to return their capital deposited in full at maturity, Quantum PLUS 6 offers a combination of an unlimited potential market-related return, with a minimum return of 5% (0.98% AER) after five years and a high yield on the Quantum portion.”

www.standardbank.com/wealth