Capital G Bank Limited has launched a second offering of its Standard & Poor?s 500 Index-linked investment product after its initial June launch of the certificate of deposit proved popular.

Valerie Guagliano, senior vice president and head of client relationship management, said in a statement yesterday there had been a 75 percent take-up rate for the first offering, and continued interest likely followed the strong performance of the S&P 500 Index over the past year.

The S&P 500 is an index comprised of 500 widely-held industrial, transportation, utility and financial companies traded on the New York Stock Exchange. The index?s performance is considered the bellwether of the US economy.

Capital G said the yield of its latest investment offering was ?tied directly to the S&P 500 Index providing customers with the opportunity for significant returns?.

The CD is offered as a five-year fixed term deposit in either US or Bermuda dollars.

Capital G said the investment was different than traditional five year CDs that pay a specific interest rate each year of the term. ?We are able to ensure that the investor receives principal plus a return geared to the movement of the index, and the investor?s principal is protected from a downward movement in the index,? said John Whale, senior vice president and treasury consultant.

Interested investors have until noon on October 5 to subscribe.