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Thursday, November 26 - 2009

Autopilot soars as RBS International Personal Banking release edition of capital guaranteed structured deposit account

  • United Arab Emirates: Monday, June 23 - 2008 at 16:03
  • PRESS RELEASE

In response to customer demand after the release of Autopilot 1 and 2 RBS International Personal Banking (IPB) will be launching a third edition of their capital guaranteed* structured deposit account, Autopilot.

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Following market demand, the deposit account is offered in GBP, USD and Euros.

The main principle of the account is to maximise growth using Autopilot's innovative monthly management strategy.

Autopilot provides a diversified portfolio, tracking the performance of four different market sectors when rising, and diverts to cash when a falling trend is identified.

It also offers the benefit of protecting the initial capital payment, provided the money is deposited for the full five year term.

The performance is equally weighted across the four sectors (25% into each):

- Developed equity markets
- Emerging equity markets
- Property
- Gold

On a monthly basis the capital guaranteed* structured deposit account observes the price of each market sector compared to the moving average price.

This will determine whether to link to the performance of each sector or to divert to Cash if the related sector is underperforming.

Julian Gouge, Head of Middle East & Asia, International Personal Banking comments: "The previous two editions of Autopilot have been incredibly successful and demand has exceeded all expectations. We are extremely happy to be able to offer our customers another opportunity to deposit in this popular and worthwhile deposit account.

"Autopilot is a great option for investors as it is a dynamic deposit account that has the ability to provide a depositor with the exposure to a portfolio of diversified assets and markets. Huge demand from the market has reflected this and Autopilot continues to fly."

If held until maturity the return will be 100% of the initial capital deposit plus the growth of the Autopilot Index.

Autopilot 3 launches on 16th June 2008.

The offer period is open until 12th September with a minimum deposit of £/$/€10,000 and will mature on 12th September 2013.

Both funds are available through UK and offshore independent financial advisers.
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Log in to request more information from RBS International

Notes and media contacts

For further information:

Ammar Tobba, GCI Middle East Network
Tel: + 971 4 3310331

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