FX and Investments
Structured Notes (Businesses)

Structured notes

Earn from asset-linked investments, without the direct purchase of underlying assets

Why you will love this
Who can apply

Why you will love this

Smart downside protection, even in volatile markets

Higher yield, tailored to your strategy

Get access to more than just stocks and bonds

Who can apply

Businesses

Contact us

Pricing varies depending on tenure, investment amount and market conditions. T&Cs apply. Being one of the leading banks in Asia, OCBC is poised to help deliver the best possible pricing available to you.

Features and benefits

Diversification and market exposure

Gain exposure to varied asset classes for diversification of your portfolio beyond traditional investments.

Tap into growing markets and safeguard against downturns

Structured notes with low strike prices return their principal and a coupon even if the price of the underlying assets decline, as long as they remain above the strike prices. If price of the underlying assets exceed the initial price at maturity, investors earn from added gains.

Customised investment strategies

Whether it's capital protection, enhanced yield or strategic market exposure — our structured notes help you flexibly optimise returns and manage risks, all according to your investment goals.

Risk-managed solutions

Risk management is at the core of our solutions. Our structured notes include a protection mechanism that helps businesses and individuals navigate market volatility without unnecessary exposure.

how it works

Structured notes are financial instruments where the performance or value depends on how well an underlying asset, product, or index does. New to structured notes? Watch the video below to learn more.

illustrative example

Here's what a Bond Linked Convertible Note (BLCN) could look like.

Reference underlying asset	U.S. Treasury 10yr Bond
Principal amount	USD 200,000
Tenor	6 months
Interest	6.0% p.a. (1.5% paid quarterly)
Initial bond price	USD 100
Clean strike price	99.0% of initial bond price

Scenario 1: final bond price ≥ clean strike price
Scenario 2: final bond price < clean strike price

What does this mean?

If the price of the underlying asset reaches or exceeds the knock-out level, the note is automatically terminated early. In this case, the put will not be exercised. The investor will receive the maturity value of SGD 1,000,000, earning a 9.68% annualised yield from the initial SGD 954,900 issue price.

What does this mean?

If the asset price stays between the knock-in and knock-out levels throughout the investment period, the put is not exercised and the note continues until maturity. At maturity, the investor will receive the principal and all coupons as scheduled, earning a 9.68% annualised yield from the initial SGD 954,900 issue price.

What does this mean?

If the asset price falls below the knock-in level at any point during the term, the protection on the principal is lost. At maturity, the investment will be converted into shares of the underlying asset. In this case, the put is exercised. The investor will receive 5,730 shares at the strike price of SGD 174.52 each. These shares will be delivered to the investor instead of cash.

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