structured deposit

(in accordance with article 3 of the Regulated Activities Order) a deposit which is fully repayable at maturity on terms under which interest or a premium will be paid or is at risk, according to a formula involving factors such as:

1. (a) an index or combination of indices, excluding variable rate deposits whose return is directly linked to an interest rate index such as SONIA (whether or not adjusted ); or
1. (b) a financial instrument or combination of financial instruments; or
1. (c) a commodity or combination of commodities or other physical or non-physical non-fungible assets; or
1. (d) a foreign exchange rate or combination of foreign exchange rates.

[Note: article 4(1)(43) of MiFID]