The product enables a 70% participation in the increase of a basket of wheat, corn and soybean.
Bank Leumi (TASE: LUMI) is offering a three-year US dollar deposit that offers exposure to agricultural commodities with no risk to capital invested. The product enables a 70% participation in the increase of a basket of wheat, corn and soybean, with quarterly observations throughout the period of the deposit (12 observations). 100% of the capital invested is guaranteed at maturity.
The minimum deposit is $10,000. The deposit start date is March 18, 2008 and the maturity date is March 18, 2011. The base price of each commodity is the closing price of the contract on each commodity on March 18, 2008, and the final price of each commodity is the arithmetic average of 12 quarterly observations closing level starting on June 2008 and ending on March 2011.
Published by Globes [online], Israel business news - www.globes-online.com - on March 13, 2008
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