Commonwealth Bank has launched a new capital protected investment, Capital Series OzAsia, which offers investors a choice of three investment themes.

Strategy 1 offers five fixed coupon payments equal to 4% of the investment, with the first coupon paid after 18 months and the rest at yearly intervals. Strategy 1 also gives exposure to the average performance of the 20 largest blue-chip shares on the Australian Stock Exchange. It also offers 100% capital protection at maturity and capital growth potential of up to 50% over the term.

Strategy 2 is indexed to the ASX 200 and gives investors 100% capital protection at maturity. Income and capital growth are both dependant on the performance of the ASX 200 Index. Provided that the ASX 200 increases by at least 10% after one-and-a-half-years, and 10% for each year thereafter, investors will receive coupon payments equal to 3% of their investment. Capital growth is capped at 100%.

Strategy 3 is indexed to an equally weighted basket of Asian indices including China's Hang Seng Enterprises Index (HSCEI), Taiwan's TAIEX Index and Korea's KOSPI 200. Capital growth is capped at 100% and investors also get 100% capital protection at maturity.

Each Strategy offers an investment term of five-and-a-half years.

Suzanne Salter, head of structured investments at the Commonwealth Bank, said: "The placement results for Capital Series continues to grow and highlights that investors are always on the look out to grasp investment opportunities with the security and peace of mind of capital protection."