The following are some risks which may apply (non-exhaustive):

Market Risk – The value of the structured product is based on various market factors such as the price or level of the Reference Asset(s), the level of interest rates, volatility and time remaining until maturity. Structured products are volatile insturments and their values may fall as rapidly as they may rise. Past performance is not a reliable indicator of future performance.

Reference Asset Risk – The payments (if any) that you receive under the structured product are dependent on the performance of the Reference Asset(s) during the investment period and/or on certain valuation date(s), so it is important that the Reference Asset(s) is/are capable of being properly valued. Accordingly, when proper valuation of the Reference Asset(s) is prevented, the valuation period and/or valuation date(s) may be postponed to a subsequent period and/or day. In addition, you have no claim, interest or rights of ownership in relation to the Reference Asset(s) and investing in the structured product is not the same as a direct investment in the Reference Asset(s) and hence, the market value, early repurchase or early termination price or maturity value of the structued product may not reflect movements in the price or level of the Reference Asset(s). Finally, there is no assurance that the performance of the Reference Asset(s) will be at the desired levels in order to produce returns corresponding to the particular investment strategy applicable to the structured product.

Underperformance Risk – This is not a deposit. There is no assurance from SCB (or otherwise) that at maturity, the return on the structured product will be equal to or greater than any potential return that you may have earned from a direct investment in the Reference Asset(s), in a bank deposit, or non-structured fixed coupon bond. As the payment mechanics and terms of the structured product are not variable, you should note that even if your view of the direction of the Reference Asset(s)’ performance is correct, you will not gain more than the amount specified under such payment mechanics and terms.

Credit Risk and Counterparty risk – You assume the full credit risk of the Issuer and (where applicable) the Guarantor. The structured product constitutes direct, unsecured and unsubordinated general obligations of the Issuer and (where applicable) are unconditionally and irrevocably guaranteed by the Guarantor. Hence, if the Issuer and/or the Guarantor (where applicable) become(s) insolvent or default(s) on its/their payment and other obligations or fail(s) in any other way, you may not receive any payments due to you under the structured product, including your initial investment amount. A credit rating is not a recommention or assurance as to the Issuer’s and/or (where applicable) the Guarantor’s creditworthiness or the risks, returns or suitability of the structured product.

Liquidity Risk – Structured products are not liquid instruments and are not designed to be short-term trading instruments. You must be prepared to hold the structured product until the scheduled maturity as it is not transferable and there is no market for this structured product, which means that you will not be able to sell it. You will also not be able to terminate this structured product or make any withdrawals before the stated maturity date without the Issuer’s consent.

1. You can put your AUD into an ordinary fixed deposit account to enjoy an interest rate that is usually higher than most SGD fixed deposit accounts.

2. You can wait for the AUD to appreciate back to 1.2150 or higher. You can then decide if you want to convert the funds back to SGD.

3. You can open another Premium Currency Investment account with AUD as your base currency and SGD as the alternate currency, to earn another round of higher interest rate. You may again set the TCR at the same level of 1.2150.

A Premium Currency Investment (“PCI”) involves a currency option which confers on the deposit-taking institution the right to repay the principal sum at maturity in either the base or alternate currency; and part or all of the interest earned on this investment represents the premium on this option. By purchasing this PCI you are giving the issuer of this product the right to repay you at a future date in an alternate currency that is different from the currency in which your initial investment was made, regardless of whether you wish to be repaid in this currency at that time.

The PCI may not be withdrawn, terminated or repaid prior to the agreed maturity date without our prior consent, which may be subject to such conditions as the Issuer, at its discretion, deem fit to impose. Such conditions may have the effect of reducing the expected return.

If the Issuer allows for any early withdrawal, the Issuer shall be entitled to deduct from the original investment amount, any loss, costs, charges and/ or expenses incurred (including but without limiting to the unwinding or termination of its hedging and/ or funding position) and such other administrative and other charges as the Issuer may impose. In such instances, you may incur a loss on the principal amount upon withdrawal.

The Issuer has the sole and absolute discretion to early terminate the PCI under a variety of circumstances set out in the relevant offering documents such as for extraordinary reasons, illegality, impossibility, force majeure or the occurrence of a material hedging or disruption event. For example, if the Issuer’s performance under the PCI has become illegal or impractical in that it is no longer legal or practical for the Issuer to maintain its hedging arrangements under the structured product, the Issuer may exercise its discretion to early terminate the structured product. In calculating the sum payable to you, the Issuer will factor in the costs of terminating hedging and funding arrangements relating to the structured product. This may reduce the early termination amount payable to you and may result in the loss of all or part of your initial investment amount. Please refer to the relevant Product Documentation for more detail on what events may lead to an early termination and what payment amount you would receive in the event of an early termination by the Issuer.

The minimum amount for a PCI is SGD50,000.PCI is available in these currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD.

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 choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

1. By purchasing this dual currency investment / premium currency investment, you are giving the issuer of this product the right to repay you at a future date in an alternate currency that is different from the currency in which your initial investment was made, regardless of whether you wish to be repaid in this currency at that time.

2. Dual currency investments / premium currency investments are subject to foreign exchange fluctuations which may affect the return of your investment. Exchange controls may also be applicable to the currencies your investment is linked to. You may incur a loss on your principal sum in comparison with the base amount initially invested.

3. Please refer to our risk disclosure statements such as the “Know Your Investment Risk” (KYIR) for other risks and more information.

The contents on this webpage are for general information only and does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.

It has not been prepared for any particular person or class of persons and it has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you. You are fully responsible for your investment decision, including whether the product or service described here is suitable for you. The products / services involved are not principal-protected and you may lose all or part of your original investment amount. SCB will not accept any responsibility or liability of any kind, with respect to the accuracy or completeness of the information in this webpage. The contents herein are for general evaluation only and has not been prepared to be suitable for any particular person or class of persons. SCB makes no representation or warranty of any kind, express, implied or statutory regarding the contents on this webpage or any information contained or referred to herein. This webpage is distributed on the express understanding that, whilst the information in it is believed to be reliable, it has not been independently verified by us. Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For clarity, this is not a deposit and does not qualify as an insured deposit under the Singapore Deposit Insurance and Policy Owners’ Protection Schemes Act 2012. There is no assurance from SCB (or otherwise) that at maturity, the return on the structured product will be equal to or greater than any potential return, including dividend income, that you may have earned on a direct investment in the reference asset(s) or in a bank deposit or non-structured fixed coupon bond. As the payment mechanics and terms of the structured product are not variable, you should note that even if your view of the direction of the reference asset(s)’ performance is correct, you will not gain more than the amount specified under such payment mechanics and terms.

This advertisement has not been reviewed by the Monetary Authority of Singapore.