Malayan Banking Bhd’s has launched a new capital protected investment plan called 1Malaysia Momentum (M3) Structured Deposit. It is a capital-protected investment plan for investors seeking potential gain regardless of the market conditions. The targets fund size is RM100mil. Closing date for the M3 is Dec 31, 2009, or earlier if fully subscribed.
The M3 is a five-year investment product issued by Maybank via floating rate negotiable instruments of deposit (FRNID) that comes with 100% capital protection if the FRNID is held to maturity or autocalled.
The product is offered to investors at a minimum investment of RM65,000, with additional investment in multiples of RM5,000.
This new product is based on a strategy represented by the 1Malaysia Momentum (M3) Index, which provides investors with the opportunity to gain exposure into underlying assets that are closely related to the Malaysian economy.
Malaysian equities is one of the underlying assets and commodities together with five commonly-traded commodities – crude oil, gold, natural gas, cocoa and palm oil.
This structured deposit aims to provide investors with consistent returns, irrespective of market conditions, where the strategy is expected to benefit from both rising and falling markets.
M3’s unique feature also offers investors with three chances to receive potential returns as long as the M3 Index performs above the initial index level or when it terminates early due to the autocall feature.
The autocall feature allows for early termination of the investment, thus enabling investors to enjoy gains earlier than the maturity tenure.
The principal amount is not guaranteed in the event of early redemption and the redemption amount will depend on the indicative bid price of the investment at the time of redemption in accordance with the prevailing market conditions.
Kindly proceed to Maybank webpage for more information.