This is a short term investment linked to an underlying bond where the client receives a guaranteed enhanced yield. At the start of the investment, the client selects a bond (usually a government bond) at a pre-agreed bond purchase price (strike price). On maturity, OCBC Bank returns the client the investment together with the enhanced yield either in the original investment currency or in units of the selected bond at the strike price. The client receives the bond on maturity when the price of the bond is lower than the strike price at the end of the investment period.
Next Steps :
Benefits
Earns potentially higher yield on the investment compared to the traditional fixed deposit rate.
Opportunity to receive bonds at a pre-determined price.
Fees & Charges
No administrative charges or fees.
Important Information
The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.
Without prejudice to the generality of the foregoing, you may wish to seek advice from a licensed or an exempt financial adviser before making a commitment to purchase this product. In the event that you have chosen not to seek advice from a licensed or an exempt financial adviser, you should have carefully considered whether this product is suitable for you.
The final terms and conditions of the transaction will be set out in full in the definitive trade confirmation. Although the information contained herein is believed to be reliable, we make no representation as to the accuracy or completeness of any information contained herein or otherwise provided by us. We are acting as principal and solely in the capacity of an arm’s length counterparty and not in the capacity of your financial adviser or fiduciary. Generally, over-the-counter (“OTC”) derivative transactions may involve the risk of adverse or unanticipated market developments, risk of illiquidity and other risks. In certain transactions, you may potentially incur an unlimited loss. Any unwind or early termination of this transaction before the termination date of this transaction will be subject to unwinding or other transaction costs.
