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Crystal Finance Investments have announced the launch a new capital guaranteed investment product in Pounds Sterling issued and guaranteed by UBS AG on the design of Crystal Finance. In designing such product Crystal took into consideration the characteristics of the Maltese market and the general profile of Maltese investors.
This is one of the few products on the market that apart from guaranteeing full redemption of capital at 100% face value in March 2012, also guarantees an annual minimum coupon of 3% with a potential for this coupon to reach a maximum of 7.75% per annum. Whilst the payment of the minimum annual coupon of 3% is guaranteed irrespectively, the payment of a higher coupon up to a maximum of 7.75% depends on the market performance of a basket of twenty international shares carefully selected by Crystal Finance and UBS AG to provide good potential for a higher coupon. In fact a similar product launched in 2004 with a minimum coupon of 3% paid an effective coupon of 6% in 2005 and seems well set to exceed this when the next coupon falls due in May.
The advantage of this product is that there are no entrance or subscription fees and the annual coupon of minimum 3% maximum 7.75% is quoted net of all charges but obviously before any applicable taxes.
Investors can obtain a full term sheet from Crystal Finance offices in Valletta, Msida, B’Kara, Zebbug, Paola and Victoria Gozo. For more information Crystal may be contacted on freephone 80073339.
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