Note : A customer will not be liable for any costs should he/she decide to withdraw his/her investment in the product within seven (7) calendar days from the date that he/she commits to invest in this structured product (“cooling off period”). The cooling off period provides a customer with an opportunity to reconsider his/her investment decision. Should a customer decide to withdraw his/her investment in the product during the cooling off period, the Bank will refund the original investment amount in full to the customer.
Product Disclaimer & Risks
The contents on this webpage are for informational purposes only. It 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.
The contents on this webpage have not been prepared to be suitable for any particular person or class of persons and do not constitute and should not be construed as investment advice nor an investment recommendation. While SCBSL considers the information herein to be reliable at the date it is given, SCBSL does not represent that it is accurate or complete and it should not be relied upon as such. Neither the contents herein nor any copy of it may be sent or taken into the United States or given to any US Person.
You must seek your own independent advice from a licensed or an exempt financial adviser regarding the appropriateness of investing in this product, before making a commitment to purchase this product. In the event that you choose not to seek your own independent advice from a licensed or an exempt financial adviser, you should carefully consider whether the product is suitable for you. SCBSL has no fiduciary duty towards you, nor does it assume any responsibility to advise on, or make any representation as to the appropriateness, suitability or possible consequences of investing in this product.
Not a Deposit
A structured deposit is not a traditional deposit. Unlike traditional deposits, structured deposits have an investment element and returns may vary. There is no assurance that it will provide any return at maturity or that you will receive repayment of the initial investment amount if the Bank defaults on its obligations under the structured deposit or becomes insolvent.
This product is not an insured deposit for the purposes of the Singapore Deposit Insurance and Policy Owners’ Protection Schemes Act 2012, Chapter 77B.
Return of principal only at maturity
Because the Structured Deposit is structured with the objective of returning your initial investment amount only at maturity, repayment of your initial investment amount does not apply if you terminate the Structured Deposit prior to maturity. You may potentially lose the principal sum invested if the investment is not held to maturity. There is no unconditional guarantee of repayment as repayment is subject to the creditworthiness of SCBSL i.e. if SCBSL defaults, you may lose your initial investment amount.
Prior to maturity, SCBSL may agree to you withdrawing or terminating the Structured Deposit but SCBSL is under no obligation to do so. In calculating a termination price, SCBSL will factor in the costs of terminating hedging and funding arrangements and other costs relating to the Structured Deposit which may result in a termination price that is substantially below the amount of your initial investment amount.
You are fully responsible for your investment decision, including whether the service is suitable for you.
This advertisement has not been reviewed by the Monetary Authority of Singapore.