National Bank of Dubai (NBD) is launching a series of Guaranteed Index Plans over the next year, which will be sold to retail investors in Gulf Cooperation Council (GCC) member states.

The US-dollar dominated products will offer capital protection and growth linked to a basket comprising S&P500, FTSE100, Topix and DJEurostoxx50.

Weekly issues have been scheduled to strike on the first, eighth, fifteenth and twenty-second of each month.

Commenting on the launch, Suvo Sarkar, head of retail banking at NBD, told local reporters, “The Guaranteed Index Plan is an attractive open-ended investment product with flexible entry/exit options and is ideal for customers looking for global investment products with a capital guaranteed feature.”

Minimum investment in the plan is $25,000.