The Global Accelerator, a China Seas Basket Limited offering, is a 5-year structured investment product designed to provide 100% capital protection at maturity and growth potential, all in USD. Here’s a quick breakdown from James Cook, Investec Corporate & Institutional Banking, on how it works:
What is the potential return?
There’s a maximum return of 56% over 5 years, which translates to 9.3% per year if held to maturity.
You'll find the Global Accelerator under new listings on our platform:
- Log in to your account on Desktop
- Select the stack menu button on the top-left hand side of your account.
- Under the My Investments option, select New Listings and choose your USD wallet.
What is the Global Accelerator’s payoff profile?
What is the nature of the investment?
The Global Accelerator is an offering within China Seas Basket limited, a company registered in Guernsey and listed on the Bermuda Stock Exchange. Investec Bank Limited is the advisor and promoter of the Global Accelerator.
How is your capital protected?
100% of your initial investment is protected if held until the end of the 5-year period. Structured products provide principal protection through the assumption of credit risk. They are intended for sophisticated investors who understand and accept the risks associated. In this case, capital protection is achieved by buying credit linked notes which will mature at 100% of investors’ capital. Principal protection is preserved to the extent that the debt issuer continues to honour any outstanding obligations and the reference entities do not experience a credit event such as a default.
Debt Issuer (Senior Unsecured)
Bank of America
Credit Reference Entities (Subordinated Tier 2 Obligations)
Only 1/3 of the investor's capital will be exposed to each of the following entities: Barclays PLC, Standard Chartered PLC, and NatWest Group PLC. Further purchases of debt instrument/s (if any) will be made in line with the requirements of the Prospectus.
To learn more, you can access the product overview here.
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