OLEDs are released just four times a year and are designed to enable you to
benefit from current and future stock market conditions, based on the views of our expert market analysts.
Our current OLEDs offer the potential of a return in both rising and falling market conditions over 3½ years (3½ year sterling deposit) or up to 30% or 6% annually over 5 years (US dollar & sterling).
Risk warning
You should receive a minimum of 100% of your capital at maturity. However, if you choose to terminate your deposit early you may get back less than the original deposit amount. The amount you get will depend on a numbers of factors, including how long you held the deposit, prevailing interest rates, market conditions and the level of the relevant index (which may fall as well as rise). The value of the shares in the companies that make up the relevant index may also be affected by currency fluctuations.
Your deposit is not invested directly in the companies that make up the linked index — therefore you will not receive any dividend payments from them.
Please be aware that if the overall performance of the basket of stock market indices is negative, then your original deposit together with any Early Deposit Interest will be returned to you in full at maturity, but there may be no additional return or interest paid. This means that you may earn less than you would have normally earned from an ordinary deposit account.
If access to the deposit is required then early termination is possible. In such circumstances you may receive back less than the original deposit amount as the value is affected by a number of factors. These include how long the OLED has been held, the prevailing interest rates, market conditions and the level of the Relevant Index (which may fall as well as rise). In addition, the value of the shares in the companies that make up the Relevant Index may be affected by currency fluctuations. A 1% administration fee will also be deducted from the amount repaid.
* AER stands for Annual Equivalent Rate and illustrates what the rate of return would be if the return was paid and compounded once each year.
† The use of the words '100% capital protection' on this website refers only to the obligation of Lloyds TSB Offshore Limited and Lloyds TSB Bank (Gibraltar) Limited to repay your capital and any specified return in full on the Repayment Date. The deposits mentioned on these pages are not guaranteed by any third party.
The minimum return is subject to the Offshore Limited Edition Deposit (OLED) being held for the full term. In the event of early withdrawal you may receive back less than your original capital amount.
There is also the potential of no return above your original 'Capital Amount'. This means that the purchasing power of your money at the Repayment Date could be significantly affected by inflation.
The minimum return is subject to the Offshore Limited Edition Deposit (OLED) being held for the full term. In the event of early withdrawal you may receive back less than your original capital amount.