ONE Financial Corp. has launched of a family of 10 Guaranteed Linked Notes, comprised of seven Profit Lock-In Notes and three Profit Lock-In & Cashflow Notes.

“Our new family of notes offer investors a greater level of choice, flexibility and security than has ever been available in the world of stock-market investing,” said Jeffrey O’Brien, president and CEO, in a release.

“This is the most comprehensive guaranteed linked notes offering available in Canada,” he added.

ONE Financial’s line-up of principal protected notes provides investors with the flexibility to switch between any of the 10 notes in the family at any time in response to changing market conditions or personal investment objectives.

Each series of note offers a return linked to a different investment basket, including baskets of stock market indexes from leading providers, covering the G7 countries, Canada, the United States, and Asia, oil, the price of gold, baskets of income trusts, and even a global balanced basket for the most conservative investors.

In addition, each of the three “Cashflow” Note options also provides tax-efficient quarterly cash flows for income-oriented investors.

In addition to guaranteeing original investment principal, the notes are the first in Canada to provide a guarantee level that actually rises along with each note’s net asset value, automatically locking in any investment growth on a daily basis. This guarantees that investors will receive for each note held until maturity, at the very minimum, their original investment amount plus the highest growth the note achieves on any day prior to maturity.

The principal and profit lock-in guarantees are provided by BNP Paribas. The notes are issued by BNP Paribas (Canada)). At approximately $1.5 trillion in assets, BNP Paribas is approximately the size of Canada’s five largest banks combined.

The notes also provide the potential for enhanced income and growth by automatically providing investors with up to two times exposure to the investments in the baskets underlying the notes.

Unlike most principal protected notes, the ONE Financial Notes are available for purchase on a continuous year round basis, with a new series of each note anticipated to be issued once per calendar quarter.

The notes are 100% eligible for RRSPs and other registered plans.

http://www.newswire.ca/en/releases/archive/October2005/18/c2225.html