Defined Return Note Issue 2
Defined Return Note Issue 2 offers a Minimum Return of 2.00% if the market is lower or the Defined Return of 14.00% if the market is flat or higher than the Start Level at Maturity. The product also provides daily liquidity subject to a market price.
What does it offer me?
Level of risk: Low to Medium
Currency: US dollar
Minimum amount of US$20,000 for non-EU residents
Minimum amount of US$250,000 for EU residents
Apply before: 1 May 2018
Four years, and 1 week
Daily liquidity subject to a market price
2.00% (0.49% AER)
14.00% (3.31% AER)
Market Linked Return
At maturity you will receive back your Initial Investment plus a Minimum Return or the Defined Return.
US dollar investments are linked to the performance of the S&P 500 Index
Start of offer period 26 February 2018
End of offer period 01 May 2018
Start Date 11 May 2018
Maturity Date 18 May 2022
Am I eligible?
You can apply for this Standard Bank Jersey Limited product if:
You are 18 years or over
You are a sophisticated investor
You are able to meet the minimum balance of US$20,000 (non-EU residents)