CIMB, a Malaysia-based bank, has launched a new recovery-themed structured product.
The Greater China and Commodities Income Protected Plus-i gives exposure to three indexes – the MSCI Taiwan, Hang Seng China Enterprise and S&P GSCI Excess Return.
The sharia-compliant note promises to give a minimum return of 4% a year averaged over the lifetime of the 10-year note. Payments are made every six months.
The 100% capital-protected plan also offers investors the chance to get up to 4.5% a year extra