Gulf Investment Corp offers gulf equity notes

Kuwait-based Gulf Investment Corporation (GIC) has launched a five-year equity-linked note. The Protected Gulf Premier Notes provide exposure of up to 125% to Gulf Cooperation Council (GCC) equity markets and offer 100% protection of the capital invested at maturity.

The US-dollar denominated notes, issued by Merrill Lynch, include a 30% volatility cap to allow for market asset stabilisation should volatility reach high levels. GIC says the product is the only capital-protected note to be based

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