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*SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

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Learn more about Fixed Coupon Notes.

Structured Products
Structured Products

Learn more about Fixed Coupon Notes.

Introduction to Fixed Coupon Notes (FCNs)  

Fixed Coupon Notes (FCNs) are equity-linked structured notes where investors receive an unconditional periodic coupon. FCNs are for investors with a stable or moderately bullish market outlook. They enable investors to customize the risk-return profile of traditional assets and obtain investment solutions which fit their financial needs.

Introducing Fixed Coupon Note

Learn more about it and the mechanism behind it

Key Features

Things you may wish to know about FCNs

Person, Human, Plant Outdoors, Garden, Person

More about Fixed Coupon Notes (FCNs)

What else should you know?
MORE ON DESCRIPTION
Market View FCNs are for investors with a stable or moderately bullish market outlook.
Mechanism At the end of each period:

– Investors receive an unconditional Periodic Coupon;

– Additionally, if the Laggard is at/above the Knock-Out Barrier on the periodic observation date, the note will be redeemed early by the issuer at par.

At maturity:

– If, on the final valuation date, the Laggard is at/above the Strike or if no Knock-In Event occurred, investors receive 100% of the Nominal Value plus the final Periodic Coupon;

– Else, investors receive a number of shares of the Laggard defined as “Nominal Value / Strike Price” plus the final Periodic Coupon (an unrealized capital loss may occur).

Typical Parameters – Underlying: stocks or ETFs with high implied volatility, high dividend and low correlation (within a Worst-Of Basket)

– Tenor: short / medium

Potential Risks Include (but not limited to) the following:
– Principal is at risk
– Potential gains are limited to the coupons
– Investors are exposed to the Credit Risk of the issuer and the market movement of the underlying

Glossary

  • Term Definition
    Absolute Performance Calculated in accordance with the following formula “Abs[(Final Price / Initial Price) – 1]”. For the avoidance of doubt, where the calculation of performance above yields a negative number, only the numerical value (without regard to the fact that it is a negative number) will be used for the purposes of determining the additional amount payable to the investor).
    Bearish Negative market expectation, i.e. a negative performance of the (single) underlying or the Laggard (as applicable) is expected.
    Bullish Positive market expectation, i.e. a positive performance of the (single) underlying or the Laggard (as applicable) is expected.
    Coupon barrier Reference Level expressed in % terms, used to determine the payment of a coupon.
    ETF Exchange-traded funds
    Final Price Calculated in accordance with the following formula “Final Price / Initial Price”
    Final Level Reference price spot of the (single) underlying or of each constituent of the Worst-Of Basket (as applicable) on the final observation date
    Initial Price Reference spot price of the (single) underlying or of each constituent of the Worst-Of Basket (as applicable) on the strike date.
    Initial level Equal to 100% of the Initial Price.
    Issuer risk (credit risk) Denotes the negative effects of a decline in the issuer’s financial standing on the repayment value of the structured product and/or its price in the secondary market. In the event of the insolvency of the issuer, repayment may not be made at the end of the term (which could mean the total loss of the capital invested).
    Knock In (KI) Event Deemed to occur if the closing price of the (single) underlying or the Laggard (as applicable) on any relevant applicable knock-out observation date is lower than the applicable knock-in price.
    Knock Out (KO) Event Deemed to occur if the closing price of the (single) underlying or the Laggard (as applicable) on any relevant applicable knock-out observation date is equal to or greater than the applicable knock-out price.
    Knock In (KI) Barrier Reference level expressed in % terms, used the determine the occurrence of a Knock-In Event. The knock-in price corresponds to “%Knock-in Barrier x Initial Price”.
    Knock Out (KO) Barrier Reference level expressed in % terms, used the determine the occurrence of a Knock-Out Event. The knock-out price corresponds to “%Knock-Out Barrier x initial price”.
    Laggard On any observation date, basket constituent with the lowest performance compared to the other constituents, where the performance of each constituent is calculated in accordance with the following formula “(closing price on such observation date / Initial Price) – 1”.
    Nominal Value Stated value of an issued security that remains fixed.
    Performance Calculated in accordance with the following formula “(Final Price / Initial Price) – 1”.
    Periodic Coupon Coupon amount accrued (at the applicable coupon rate) over the relevant coupon period. For the avoidance of doubt, a Periodic Coupon of 12% per annum payable on US$100K Nominal Value on a quarterly basis means periodic coupon payments of US$3K each.
    Strike Price The conversion price used to calculate the number of shares to be delivered (whenever it is applicable).
    Worst-of Basket Group of securities or indices, which are bundled as a single underlying and whose performance is based on the Laggard.

Disclaimer

Investment Products:
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