Company News »

EverBank Launches MarketSafe(R) Power MetalsSM CD

Business Wire
Share on StockTwits
Published on

EverBank announced the launch of the five-year MarketSafe Power Metals CD, which combines the market potential of gold, silver and copper. This U.S. dollar-denominated CD offers 100-percent principal protection1, and the ability to earn up to a 45% capped upside payment at maturity if the metals increase in value across annual pricing dates.2

“All investments hold some degree of risk, but they also present unique opportunities,” said Frank Trotter, EVP & Chairman of EverBank Global Markets. “Our new Power Metals CD provides safer exposure to metals – guaranteed return of your deposited principal, regardless of negative performance. If the metals increase in value you will earn the upside payment up to the 45 percent cap.”

EverBank created the FDIC-insured1 Power Metals CD for individuals interested in exposure to valuable metals, but concerned about the obvious risk. The CD launched June 11, 2015.

“The diversification benefits alone of adding the non-correlated assets class of commodities to a typical portfolio make metals an appropriate addition for many investors,” said Chris Gaffney, president of EverBank World Markets. “And getting this exposure with the added benefit of no risk to the deposited principal is another benefit of the MarketSafe Power Metals.”

EverBank’s MarketSafe Power Metals has a minimum deposit of $1,500 and no monthly account fee. Returns are based on CD performance; this indexed CD does not pay a periodic rate of interest or annual percentage yield. The funding deadline is July 16, 2015.

For more information on MarketSafe CDs or to see the MarketSafe Power Metals Term Sheet, visit www.everbank.com/power-metals. You can contact an EverBank World Markets Specialist at 800.926.4922, or email your questions to worldmarkets@everbank.com. EverBank, Member FDIC.

ABOUT EVERBANK FINANCIAL CORP

EverBank Financial Corp, through its wholly-owned subsidiary EverBank, provides a diverse range of financial products and services directly to clients nationwide through multiple business channels. Headquartered in Jacksonville, Florida, EverBank has $23.3 billion in assets and $16.1 billion in deposits as of March 31, 2015. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses. EverBank provides services to clients through the internet, over the phone, through the mail, at its Florida-based financial centers and at other business offices throughout the country. More information on EverBank can be found at http://about.everbank.

1. MarketSafe(R) CDs, if held to the Maturity Date, will have a guaranteed return of the deposited principal (“Principal Protection”). Principal Protection only applies to CDs held to maturity. In the event of Bank failure, the CD balance is FDIC insured up to $250,000. Your other deposits with EverBank will be aggregated with the MarketSafe CD with respect to the $250,000 maximum. Except in the event of death or adjudication of incompetence of the holder of the MarketSafe CD, you may not withdraw any part of the CD prior to maturity. If you do withdraw early, even if that is due to the death or adjudicated incompetency of the holder of the CD, you will NOT receive Principal Protection and will NOT benefit from any upside potential of the Reference Index, experiencing a loss of principal as an early withdrawal charge. See the MarketSafe Deposit Account Disclosures in your Account Terms, Disclosures and Agreements Booklet for more information.
2. These metals are not being acquired by you or EverBank. The Market Upside Payment of this CD will be based on the equally weighted value of selected indices reflecting the performance of these metals as measured on the Initial Value Date and on the established Pricing Dates, subject to a 45% cap for each metal at each Pricing Date, as described in the Product Calculation Rules (the “Reference Index”). On each established Pricing Date, the interim prices for the metals representing the MarketSafe(R) Power MetalsSM CD (the “Interim Prices”) will be quoted from Bloomberg, using following symbols: GOLD=GOLDLNPM , SILVER=SLVRLN , COPPER=LOCADY . In the event Bloomberg fails to publish such prices for any one or all of the Reference Index metals, EverBank reserves the right to use an alternative equivalent index or price determination in its discretion.

Share on StockTwits


Iron FX 1.11156/1.11128 2.8
XM Markets 1.09948/1.09928 2
FxPro 1.10184/1.10171 1.3
FXCM 1.13943/1.13912 3.1