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