Bank Hapoalim is marketing a new structured deposit to Israeli retail investors more than two months after its last launch.
Capital Guaranteed Asian Tigers deposit is a 3.5-year, US dollar-denominated product providing full capital protection at maturity and returns linked to a basket of Asian indices comprising MSCI Singapore Cash Index, Hong Kong Hang Seng, Taiwanese Taiex and Korean Kospi200.
Asian Tigers is an uncapped call deposit paying 80% of the average three-month performance of the underlying indices.
Hapoalim bank warns investors that the deposit is a 'transaction involving special risk' and that there is no liquidity for the duration of the term.
Minimum investment is $10,000, and investors can enrol between 13 and 22 October.