Standard Bank Jersey Limited has launched the latest in a series of award-winning structured products. Quantum PLUS 7 is designed to return the initial capital deposited along with a competitive rate of interest on half the deposit while the other half provides for exposure to stock market growth. Quantum PLUS 7 is open for subscription until 15th December 2011, subject to availability. The product divides the deposit equally between a 1 year (Quantum portion) fixed term deposit maturing on the 7th January 2013 and 5 year (PLUS portion) fixed term deposit maturing on 13th January 2017, available in Sterling, Euro, Australian dollar or US dollar. Minimum deposit amounts are £10,000, €15,000, AU$20,000 or US$20,000. The Quantum portion pays a competitive rate of 4% AER for Sterling, US dollar and Euro or 10% AER for Australian dollar. This half of the deposit matures in full after one year. The PLUS portion provides for an unlimited potential return on the other half of the deposit after five years based on the performance of a stock market index. Sterling deposits are linked to the FTSE 100, Euro deposits are linked to the EURO STOXX 50, Australian dollar deposits are linked to the S&P/ASX 200 and US dollar deposits are linked either to the S&P 500 or the S&P BRIC 40. Even if markets fall, all the PLUS portion alternatives, except deposits linked to the S&P BRIC 40, offer the reassurance of a minimum return of 5% (0.98% AER) at maturity. Herman Wessels, Head of IPC Structured Products, commented: “Our structured products are typically designed for depositors who seek capital security and growth potential linked to the performance of a stock market index. Quantum PLUS 7 has been introduced following the strong success of Quantum PLUS 6 which was sold recently. It offers returns linked to the performance of a stock market index, but without the usual risk of volatile market movements. As with Quantum PLUS 6, we expect to see high demand for this competitive offering.” He added: “Given the current economic volatility, now might be an ideal time to commit to a product which provides peace of mind along with the opportunity to take advantage of any continued stock market recovery. For people who wish to access a product which offers an unlimited potential market-related return, along with the reassurance that even if their chosen market falls their original deposit will be repaid in full at maturity, Quantum PLUS 7 offers this along with a high interest rate on the Quantum portion.”