Israel's Bank Leumi is marketing two new retail structured products linked to the performance of the Eurostoxx50.
Both products have five-year terms and are available in either euro or shekel-denominated tranches. The shekel product will pay out 100% participation in the Eurostoxx50 performance over the term up to 20% growth or a fixed return of 28% at maturity if the underlying moves up by more than 120%. The euro-denominated version of the deposit will pay out a participation of 100% if the underlying moves up by up to 70% or a return equal to 24% if the underlying has a positive performance of 70% or more compared to its initial level.
In addition, Leumi is also marketing a two-and-a-half-year shekel deposit linked to the TA-25 index that guarantees the initial investment in full at maturity and pays 70% participation on the positive performance of the Israeli domestic benchmark.
Minimum investment is NIS15,000 ($4,012), and €10,000 for the euro-denominated issue.