After a busy month in the Israeli structured retail products market, which saw the arrival of up to five different structures, Bank Leumi has launched a clutch of new index-linked products.

The bank has followed up its latest two euro/US dollar currency-based structured deposits with three new investment strategies, which, according to the bank, add 'new dimensions' to the investment world. "Large and small institutional and private investors can take advantage of new investment opportunities not open to them in the past, while taking calculated risks, preserving the value of their money and refining the allocation of assets,” it said.

Euro Deposit TA-25 and Euro Deposit CAC-40 are two 1.5-year euro-denominated deposits offering hard protection over the initial investment along with exposure to the Tel Aviv TA25 and the French Cac40 indices. Both deposits have a capped call payoff, with 100% participation in the TA25 Index and the Cac40, as long as the underlying does not reach the 29% cap, or a fixed coupon of 7.5% if the underlying index hits the 29% cap on any day.

Bank Leumi is also marketing to retail investors a US dollar-denominated growth investment linked to the performance of the Amsterdam Exchanges Index. Dollar deposit AEX is a three-year capital-protected structured deposit that offers 85% exposure to the Amsterdam Exchanges Index with no risk to the capital invested with quarterly observations throughout the period of the deposit. The deposit is based on a digital option which pays no return if the level of the underlying is equal to or lower than its initial level.

Euro Deposit TA25 and Euro Deposit CAC40 will be available for investors until 11 June, while Dollar Deposit AEX will close on 6 June. All three products have a minimum investment of €10,000 or $10,000.

Click here to see a brochure for Dollar Deposit AEX from Bank Leumi.