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Maybank Alpha launches new structured deposit product

Maybank has launched its new Maybank Alpha Centurion Structured Deposit, to offer investors an opportunity to invest via the Alpha Centurion European Index.

Maybank Alpha Centurion Structured Deposit (MAC) is the latest in Maybank’s series of structured deposits that provide 100% capital protection on principal investment at maturity.

According to the bank, the capital protection portion is provided via investment in Floating Rate Negotiable Instruments of Deposit while the potential upside return is obtained from investments in the Alpha Centurion European Index.

MAC has a short tenure of two or three years without any upfront fee, management fee or exit fee. In addition, its upside potential does not rely on market timing or direction to generate returns. MAC is invested in accordance with the long-short market-neutral Alpha Centurion strategy, which systematically and simultaneously buys low and sells high.

MAC has a deposit size of RMB300 million with minimum investment at RMB1 million and subsequent subscription is RMB50,000. MAC’s offer is open to investors aged 18 and above.

Spencer Lee, senior executive vice president and head of Maybank consumer banking, said: We developed this product to cater to the investment needs of the high net worth and mass affluent individuals. Through research we discovered that these groups of people are very exacting, expecting investments to generate returns regardless of how challenging the market environment might be.