BCP/Societe Generale Credit Union Deposit Bond

BCP is delighted to launch the new 5 year BCP/Societe Generale Credit Union Deposit Bond which pays out fixed deposit interest annually of 0.45% in years 1-4, with a potential further deposit interest payment of 0.45% in year 5. This deposit rate represents a premium over those offered by other banks for this term, many of which are now zero or negative. Societe Generale is one of the strongest banks in Europe with an ‘A’ rating from Fitch.

Key Features:

• 100% capital security at maturity from Societe Generale SA
• 0.45% paid out in years 1 to 4*. Minimum AER of 0.36% over 5 year term
• Potential deposit interest payment of 0.45% in year 5 if the Euro Stoxx 50 Index is above the initial valuation at the final valuation date*
• Societe Generale SA Credit Ratings: Fitch A, S&P A and Moody’s A2 
• Societe Generale SA market cap is €41bn
• 5 year term
• Minimum deposit €500,000
• Extended Closing Date 29th June 2017

Warning: If you invest in this product, you will not have any access to your money for 5 years.

 

* In year 5, if the Euro Stoxx 50 Index is above the initial valuation when it is revalues on the 23rd June 2022, investors will recieve of 0.45%; the AER over the term of the Bond will be 0.45%. If the Euro Stoxx 50 Index is equal to or below the initial valuation on 23rd June 2022, investors will recieve 0% interest at the end of year 5; in this case the AER over the term of the Bond will be 0.36%.

Credit ratings and market cap correct as of 27th April 2017. Source: Bloomberg